Recommend for the life insurance coverage

Assignment Help Operation Management

Reference no: EM131129213

With three dependent children, the Brocks are assessing their life insurance. Pam has $5,000 of coverage. Josh has life insurance coverage equal to approximately eight times his annual salary.

With approximately 20 years to retirement, Pam and Josh Brock want to establish a more aggressive investment program to accumulate funds for their long-term financial needs. Josh does have a retirement program at work. This money, about $110,000, is invested in various conservative mutual funds.

In addition, the Brocks established their own investment program about four years ago, and today they have about $36,000 invested in conservative stocks and mutual funds. In addition to their investment program, the Brocks have accumulated $11,000 to help pay for the children’s college educations. Also, they have $5,000 tucked away in a savings account that serves as the family’s emergency fund. Finally, both will qualify for Social Security when they reach retirement age.

Questions

1. What changes would you recommend for the Brock's life insurance coverage?

2. What would you view as the strengths and weaknesses of the Brocks' financial situation at this stage in their lives?

3. Given that Pam is 43 and Josh is 45 and they have three children who will soon begin their college educations, what investment goals would be most appropriate?

4. Describe an investment portfolio (asset types, allocation, risk-return) that you would recommend for the Brocks.

Reference no: EM131129213

Questions Cloud

Daily production of conwip line is normally distributed : Daily production of a CONWIP line is normally distributed with a mean of 300 pieces and a standard deviation of 60 pieces. The WIP level of the CONWIP line is 1,500 pieces. Currently there is a release list of 1,680 pieces with an “emergency position..

What are the types of proprioceptive receptors : What are somatosensation, kinesthesis and proprioception? What are the types of proprioceptive receptors? Where are they and what kind of info do they convey

What was your plan for diagnostics and primary diagnosis : What details did the patient or parent provide regarding the personal and medical history? Include any discrepancies between the details provided by the child and details provided by the parent, as well as possible reasons for these discrepancies.

Find the factorial moment-generating function of : With reference to Exercise 12, find the factorial moment-generating function of (a) the Bernoulli distribution and show that μ'(1) = θ and μ'(r) = 0 for r > 1;

Recommend for the life insurance coverage : With three dependent children, the Brocks are assessing their life insurance. Pam has $5,000 of coverage. Josh has life insurance coverage equal to approximately eight times his annual salary. What changes would you recommend for the Brock's life ins..

How gender affects some one in making choosing career : Disscus how: Gender affects some one in making choosing Career. Religion affects some one in making choosing Career

What is content management : What is content management? Use the Web to research the features of a content management tool and provide a brief summary.

Journalize the payment of the payroll on march : Journalize the deposit in a Federal Reserve bank on March 31, 2010, of the FICA and federal income taxes payable to thegovernment.

The distribution of the number of failures : NEGATIVE BINOMIAL DISTRIBUTION A random variable X has a negative binomial distribution and it is referred to as a negative binomial random variable if and only if

User Account

All Pages