Juan Espinoza and his wife, Isabel, have been married for 2 years and have a 1-year-old son. They live in…

Juan Espinoza and his wife, Isabel, have been married for 2 years and have a 1-year-old son. They live in Chicago, where Juan works for Mechanical Solutions Company. He earns $3,200 per month, of which he takes home $2,300. As an employee of Mechanical Solutions, he and his family are entitled to receive the benefits provided by the company’s group health insurance policy. In addition to major medical coverage, the policy provides a monthly disability income benefit amounting to 20% of the employee’s average monthly take-home pay for the most recent 12 months prior to incurring the disability. (Note: Juan’s average monthly take-home pay for the most recent year is equal to his current monthly take-home pay.) In case of complete disability, Juan would also be eligible for Social Security payments of $700 per month.
Isabel is also employed. She earns $700 per month after taxes by working part-time at a nearby grocery store. The store gives her no benefits other than Social Security. Should Juan become disabled, Isabel would continue to work at her part-time job. If she became disabled, Social Security would provide monthly income of $300. Juan and Isabel spend 90% of their combined take-home pay to meet their bills and provide for a variety of necessary items. They use the remaining 10% to fulfill their entertainment and savings goals.
Critical Thinking Questions
1. How much, if any, additional disability income insurance does Juan require to ensure adequate protection against his becoming completely disabled? Use Worksheet 9.2 to assess his needs.
2. Does Isabel need any disability income coverage? Explain.
3. What specific recommendations regarding disability income insurance would you give Juan and Isabel to provide adequate protection for themselves and their child?

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!