Tom and Nancy Smith are married, with 2 children

Nancy is 38, Tom 42

Both have active lifestyles

They ski and snowmobile in the winter

Their children, Emily and Brian, are 6 and 8 respectively

Nancy is a CPA at a local accounting firm ($150K annual salary)

Hank teaches at the local high school ($85K)

Assets

Three bedroom home worth $500K

Two SUVs

Snowmobiles

Case Study - Insurance

Long Term Goals for the Smiths.

Income Replacement in case of the death of either Tom or Nancy

College for their children

Retirement Income is covered by Tom and Nancy's Employment

Case Study - Insurance

Answer the following questions:

1-What are the Major Risks Tom and Nancy face?

2-What different insurance products do they need?

3-How much insurance should they carry?

4-If Life Insurance is recommended, what policy value?