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Total marks - 18 Chris is aje 35, married with two children aged 4 and 6. He has a salary of 5125.000 and his wife

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Total marks - 18 Chris is aje 35, married with two children aged 4 and 6. He has a salary of 5125.000 and his wife also work part time earning around $400 per week. They have a mortgage of 200000 and thing costs of about 5700 week. They are both graduates and hope to provide the children with a good education and tertiary opportunities if they are presented. Q6-a What kind of risk insurance is available to Chris to provide an income stream in the event they are unable to work for a while as a result of sickness or accident? (6 marks) Unanswered Save Q6-b How much cover should he take out, what are the circumstances under which the cover would become payable and how long would it be paid for? Your answer needs to include the waiting period and benefit period you recommend and vour reasons for these (6 marks Total marks - 18 Chris is aje 35, married with two children aged 4 and 6. He has a salary of 5125.000 and his wife also work part time earning around $400 per week. They have a mortgage of 200000 and thing costs of about 5700 week. They are both graduates and hope to provide the children with a good education and tertiary opportunities if they are presented. Q6-a What kind of risk insurance is available to Chris to provide an income stream in the event they are unable to work for a while as a result of sickness or accident? (6 marks) Unanswered Save Q6-b How much cover should he take out, what are the circumstances under which the cover would become payable and how long would it be paid for? Your answer needs to include the waiting period and benefit period you recommend and vour reasons for these (6 marks

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