Business and Personal Finance © 2007Chapter 14: Health, Disability, and Life InsuranceNAF Case StudiesPlan Your Financial Life (National Academy Foundation) Jack and Jo-Anne are a young couple with two children, ages 3 and 5. Jack has a good job with a cable company and Jo-Anne is a stay-at-home mom. Jack worries though, that if he becomes ill or dies, his family will suffer from the financial loss that his disability or death would create. Jack has been worrying so much about this that he is not sleeping very well at night. Jo-Anne doesn’t worry at all. She knows that Jack is young and in good health. She thinks that they don’t need to think morbid thoughts at their age. Apply Should Jack worry about becoming disabled or dying? What could he do to protect his family from financial loss should he die or become disabled? |  |
