Case Study - Fall 2021 John (age 37) and Anne (age 38) Tolbert are married and live in Columbia, Missouri. They have a daughter. Casey Tolbert (age 8). Anne is a physician's assistant and John teaches at the University of Missouri. Casey attends a private elementary school in Columbia. John and Anna have a pool in their backyard and just purchased a trampoline for Casey. Casey also has a dog. Anna has $26,000 in cash hidden under her mattress in the event an emergency arises. John and Anna purchased their primary residence five years ago for $250,000. Their down payment was $12,500 and the remainder was a mortgage. The APR on the mortgage is 3.5%%. The replacement value of the home is $260,000. The Tolbert's took out a 5-year auto loan for $25,000 one year ago. The APR on the loan is 62. The Tolbert's have a standard HO-3 policy. Their home is covered for $195,000 (Coverage A). Their HO-3 policy provides $300,000 of liability protection. Both of the Tolbert's cars are covered using the minimum liability limits required by state law. They have collision and comprehensive coverage on both cars and a $250 deductible. The Tolbert's each have $150.000 of group term life insurance through their employers. John pays $5.22 and Anne pays $6.02 per month, after-taxes, for the group term life insurance. John has an "any occupation" disability policy through the University of Missouri that replaces 60%% of his gross salary. Anne and Casey are covered under John's health insurance plan through the University of Missouri. John and Anna have asked you, their financial planner, to put together the risk management section of their financial plan. You may work with a partner or alone. The financial plan should include the following 1. One-page executive summary that outlines the recommendations 2. The different areas of risk exposure 3. Your recommendations and justifications Grading Rubric Areas Detalls Possible Polnts Executive Summary Outline of recommendations 5 Homeowners Insurance Gaps in coverage (s) identified and 15 Auto Insurance recommendations provided 15 Life Insurance (including justification). Tax 15 Disability Insurance implications should be provided, if "Other Insurance applicable. 15 "Non-insurance recommendations Areas of potential risk exposures 10 identified and recommendations of risk prevention techniques provided Quality Easy to understand and was able to defend recommendations. Each section clearly laid out