Reference no: EM131442704
Assignment
Length: 4-5 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.
Part 3
• Discuss taxation of life insurance proceeds and disability insurance payments.
• Assume that Bob's 50% partner in the business is his old college friend Rick Wilson.
• Rick's wife, Delores, has no interest in running the business. Do the Parkers need a buy-sell agreement? Describe the types of buy-sell agreements.
|
How do you think a functionalist would interpret this
: Describe the picture in detail. How many models, gender, race, etc.What does this representation say about the values held in American culture?How do you think a functionalist would interpret this? What about conflict theorists, feminists and symboli..
|
|
Describe george washington role in the revolutionary war
: Describe George Washington's role in the Revolutionary War, including his leadership, strategies, and relationship with the Continental Army and with Congress. Provide an analysis of the factors that made his generalship successful.
|
|
Reasoning for divorce being representative of decline
: What was the reasoning for divorce being representative of the decline of morality at the beginning of the 1900s (i.e. how did divorce lead to the end of morals)?
|
|
Identify which headline represents microeconomic topic
: Identify which of the following headlines represents a microeconomic topic and which represents a macroeconomic topic.
|
|
What insurance coverage bob and barbara parker need
: 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?
|
|
Webquest-mesoamerican history
: The history of Mesoamerica is divided into different periods beginning with the Olmec period. Use the keywords "Mesoamerican history" in a search engine to find reputable websites with information to answers the following questions.
|
|
Calculate the total charge on the thread
: PHE-07 What do you understand by electrostatic potential energy? Calculate the electrostatic potential energy for the system of charges shown below - Calculate the reflection and transmission coefficients for this wave at the interface of the two me..
|
|
Prepare dive deep waters corp federal income tax return
: From the above information, prepare Dive Deep Waters Corp.'s 2016 Federal income tax return (Form 1120), including all needed supporting statements, schedules, and forms
|
|
Define the causes of urban pollution
: The Environmental Protection Agency asks you to help them understand the causes of urban pollution. Air pollution problems are worse the higher the Air Quality Index.
|