September 2023 1 st part of the assignment due Wednesday 10 28 Your first task

2024 RM PH 4 Proj (Phyllis Young ONLY!) Assignment Help

1 st part of the assignment due Wednesday 10 28 Your first task 2023

1 st part of the assignment due Wednesday 10/28 Your first task is to post your own Key Assignment Outline and include any notes that you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft that you will complete next week. – Bullet format and references that are going to be used for project seen below. 2 nd assignment due Sunday 11/1 3 pages Scenario Bob and Barbara Parker are in their 30s and have been married for 7 years. They have 2 children. They own 2 cars and a home valued at $500,000. Bob owns 50% of a garage door installation company valued at $2,000,000. The business provides the Parkers with a gross annual income of $150,000 per year. The Parkers have $300,000 in their retirement account and $100,000 in their personal checking account. Bob’s partner, Rick Wilson, owns the other 50% of the business. Bob has a $250,000 term life insurance policy but no other insurance coverage. Part 1 What should the Parkers consider when deciding what insurance coverage they need? Do they have sufficient insurance coverage? If not, what type of insurance coverage do you recommend for them? How can they keep their insurance costs down? Part 2 Complete a chart with recommended coverage and amounts of coverage.

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