You will submit a draft of the general contract provisions, personal liability, and life insurance sections of the insurance plan. John and Jenny
Smith have requested your help in evaluating both their insurance needs and the insurance coverage they already have. Responses should be thoughtful and
professional and include detailed recommendations that you would make to John and Jenny based upon your findings and analysis of their situation.
Prompt: Review the case notes and background of your new clients and address the assigned critical elements regarding principles of risk and general contract
revisions, life insurance, and personal liability insurance.
Specifically, the following critical elements must be addressed:
I. Principles of Risk and General Contract Provisions: In this section, you will analyze the clients’ principles of risk and general contract provisions and
make insurance recommendations based on your analysis. To effectively address the critical elements in this section, you must use the client information
in the first scenario.
A. Identify risks to the clients for which they should have insurance coverage by analyzing the clients’ information. Support your identification with relevant client information.
B. Based on your identified risks, recommend general contract provisions the clients should include in their auto and home insurance policies.
C. Determine considerations the clients should make when selecting an insurance company with which they will work. Support your discussion with relevant principles of risk.
II. Personal Liability Insurance: In this section, you will review the clients’ auto and homeowners insurance and recommend any necessary changes. You
must consider the effects that certain purchases may have on the clients’ insurance coverage. To effectively address the critical elements in this section,
you must use the client information in the first scenario.
A. Determine the clients’ auto insurance needs by analyzing the clients’ information. Support your determination with relevant client information.
B. Discuss the ability of the clients’ current auto coverage to meet their insurance needs, and make recommendations to improve coverage where
necessary. Support your response with relevant client information.
C. Determine the clients’ homeowners insurance needs by analyzing the clients’ information. Support your determination with relevant client
information.
D. Discuss the ability of the clients’ current homeowners policy to meet their insurance needs, and make recommendations to improve coverage
where necessary. Support your response with relevant client information.
E. Describe the impact the purchase of a trampoline and a dog would have on the clients’ homeowners insurance, and make appropriate
recommendations for additional riders the clients should consider.
III. Life Insurance Policy: In this section, you will analyze the clients’ life insurance policies and needs and make appropriate recommendations by utilizing
tools, such as the needs analysis model. To effectively address the critical elements in this section, you must use the client information in the first
scenario.
A. Conduct a life insurance needs analysis for the clients using an appropriate needs analysis model. Determine the clients’ life insurance needs
using the needs analysis model.
B. Discuss the ability of the clients’ current life insurance policies to meet their coverage needs. Support your discussion with relevant client
information.
