04 Jun FIN 428 Week 5 Team Insurance Evaluation Scenario Analysis NEW
Read the following case scenario in which you are the financial planner.
Jennifer and Brian Jones (both age 50) live in Santa Fe, New Mexico. They own a home currently valued at $300,000, with a $175,000 mortgage. They have $250,000 of homeowner’s insurance coverage. The replacement cost of the structure, however, is close to $350,000. Their auto insurance has a $100,000 liability limit. They have $100,000 in investment assets held in individual IRA accounts, consisting of mutual funds. The Jones family obtains their health insurance coverage through their employer, but dental visits and eyeglasses are not covered.
They are spending their entire income and not saving. They both work, and each earns $55,000. They both plan to retire at age 66 on their state pension fund (they are both state employees) and Social Security retirement benefits, which they believe to be adequate.
They are eligible for Social Security survivors and disability benefits and are fully insured for retirement benefits, currently available equal to $2,400 per month in today’s dollars. They have no children. Neither has any disability insurance, but Steve has $100,000 of life insurance.
They have asked you to evaluate their life, disability, liability, and homeowner’s insurance needs.
Write a comprehensive 350- to 700-word insurance evaluation in response to your client.
Explain the risks that the family has, and provide recommendations to mitigate those risks.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document.
Note. Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.