This assignment is to be completed with a partner and is due at noon today. Please submit the assignment through Blackboard.

Question 1: (8 marks)

You meet with Pat and Bruce for the first time and they share with you their financial planning objectives. Consider the risks that would prohibit these clients from achieving their goals. Identify them as endogenous or exogenous risks.

Saving for their children's education

Manage and pay down their debt

Question 2: (12 marks)

For each type of insurance listed below, list the endogenous and exogenous risks these policies protect against and why.

Life Insurance

Auto Insurance

Critical Illness Insurance

Long-term care insurance