Q: Ramona and Pablo Valdez are a dual-career couple who just
Ramona and Pablo Valdez are a dual-career couple who just had their first child. Pablo age 29, already has a group life insurance policy, but Ramona’s employer does not offer life insurance. A financi...
See AnswerQ: While at lunch with a group of coworkers, one of your
While at lunch with a group of coworkers, one of your friends mentions that he plans to buy a variable life insurance policy because it provides a good annual return and is a good way to build savings...
See AnswerQ: Joe and Whitney Alexander have two children, with ages of 6
Joe and Whitney Alexander have two children, with ages of 6 years and 5 months. Their younger child, Nathan, was born with a congenital heart defect that will require several major surgeries in the ne...
See AnswerQ: John Chang was seriously injured in a snowboarding accident that broke both
John Chang was seriously injured in a snowboarding accident that broke both his legs and an arm. His medical expenses included five days of hospitalization at $900 a day, $6,200 in surgical fees, $4,3...
See AnswerQ: Use Worksheet 9.1. Erika Willis, a recent college
Use Worksheet 9.1. Erika Willis, a recent college graduate, has decided to accept a job offer from a nonprofit organization. She’ll earn $34,000 a year but will receive no employee h...
See AnswerQ: Discuss the pros and cons of long-term-care insurance
Discuss the pros and cons of long-term-care insurance. Does it make sense for anyone in your family right now? Why or why not? What factors might change this assessment in the future?
See AnswerQ: Ben West, a 35-year-old computer programmer,
Ben West, a 35-year-old computer programmer, earns $72,000 a year. His monthly take-home pay is $3,750. His wife, Ashley, works part-time at their children’s elementary school but re...
See AnswerQ: Assess your current health insurance situation. Do you have any health
Assess your current health insurance situation. Do you have any health insurance now? What does your policy cover? What is excluded? Are there any gaps that you think need to be filled? Are there any...
See AnswerQ: Assume that Tina Walsh had a homeowner’s insurance policy with $100
Assume that Tina Walsh had a homeowner’s insurance policy with $100,000 of coverage on the dwelling. Would a 90 percent co-insurance clause be better than an 80 percent clause in such a policy? Give r...
See AnswerQ: Last year, Brett and Amber Walsh bought a home with a
Last year, Brett and Amber Walsh bought a home with a dwelling replacement value of $250,000 and insured it (via an HO-5 policy) for $210,000. The policy reimburses for actual cash value and has a $50...
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