Please solve the below:

Assessment - Part 2

(Minimum word length: 600 Words)

You are to document your "Recommendations" as part of the SOA documentation. This must be uploaded as a separate document into the Monarch Student Management System (LMS). Your recommendations should be written in paragraph form. Use the following headings (below) and remember all written recommendations should be in your own words;

·       Our insurance recommendations

Use the Insurance Calculator provided on the LMS (instructions and details below) to determine the recommended sums required for each client, based on the information provided. You can also make assumptions in regards to the level of income they may require if either were to pass away and the potential earning rate the clients would be comfortable with. Please include these assumptions.

·       Insurance types explained

In this area you are required to explain each insurance type 'generally'.

That is, explain what each type of insurance provides and some general information about the type of cover. In a SOA this area is general information which is not specific to a client. This information could be used across the board for any client with an insurance recommendation

·       The basis for our recommendations

Do not assume the sample SOA provided in the Module 1 appendix provides a sufficient 'basis' for the recommendations provided. Use the information in Module 4 course materials to clearly link the key issues and recommendations back to Laura and John's specific scenario as part of your recommendations to demonstrate a sufficient basis.

Calculator Instructions

This insurance needs analysis calculator considers a client's specific needs, based on their own requirements and goals if they were to pass away, become totally and permanently disabled, suffer a traumatic illness or unable to work due to illness or injury.

The inputs for the calculator can be determined through a client questionnaire and understanding a client's circumstances.

For the calculator, all inputs are indicated by a blue cell. For each type of cover the following needs are covered: