Total Insurance Package Assignment | Homework For You
Problem 5 (30 Points) Suppose you have a client with no insurance of any kind. Suppose further that the client is 45 years old with a 30-year old spouse and two children. The client makes $100.000 per year and the spouse doesnt work outside the home. The client has no debt, but may be thinking about buying a new, larger house which will require the client to go into debt. The client also owns:
• $250,000 home, which he owns free and clear
• A 2018 Audi Q5 SUV valued at approximately $50,000
• Another 2018 Audi Q5 SUV valued at approximately $45,000
• Two vintage MG T-Series Roadsters, each valued at $150,000
• A collection of Rolex watches total value: $75,000
Your client has about $100,000 in his 401k and about $10,000 in liquid accounts.
Calculate a total insurance package for your client. Get Finance homework help today