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Let us go back and discuss Leonard and Sally's

personal finance situation for this assignment.

Leonard is wanting to obtain life insurance to aid

Sally in the event of his premature death. He is also

wanting to purchase some pet insurance for the

puppy he recently purchased for Sally, named

Skippy. Help Leonard answer the following

questions.

What type of life insurance should be

purchased?

How much should be purchased? What should

be done to answer this question?

Is pet insurance a wise investment for

Leornard? Research to see what is available

for him. What advantages and disadvantages

are present?

What if any pitfalls should Leonard avoid in

his personal life that would lead to an

increased premium in his policy?

What impact would Social Security benefits

have on Leonards' decision?