1. Are the Steeles likely to have too much or too little life insurance? About how much...

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1. Are the Steeles likely to have too much or too little life insurance? About how much life insurance protection should a family like the Steeles have?
2. Should the Steeles consider purchasing life insurance on other family members besides Arnold? If so, who else in the family might need insurance protection?
3. If the Steeles were to purchase additional life insurance, what types of policies would best fit their current and future needs?
4. Arnold and Sharon both have wills. Given the relatively small size of their estate, is it necessary for them to engage in estate planning?
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