Please complete one of the following:
Option 1:
Provide at least 2 methods to protect your family in the event of sudden loss of your life and/or your spouse’s life or health. If you do not have a family, find one to research (maybe your parents). Make sure to include the cost of each coverage and the amount of coverage. These should be tied to some kind of indemnity plan for justification. Cite your sources for each method. This can be based on income replacement, needs analysis, or any other credible form of analysis.
Find another insurable risk. This can be personal or commercial, and this can be property (ie home, auto, etc), disability, or a comprehensive liability plan. Other plans are acceptable so long as they serve as part of a plan. Make sure to fully explain what is being covered and at what cost. Also, if there are associated exposures (exclusions) you choose, please explain why.
With both plans, you must include some analysis of the actual cost and potential benefit of each plan. Your plan cannot exist exclusively of group plan projects. Make sure to include any actively retained risks (deductibles ).
The more realistic your plan, the easier and more meaningful it will be. Your agent is often a good source. Make sure internet quotes are realistic. Some insurers are vague in their premium estimates.
Option 2:
Provide a comprehensive plan for a company. You must include a plan to cover property loss, liability, and coverage for employees (i.e. workers comp). The plan should cover for catastrophic loss (i.e. tornado) and must include active retention limits and costs of coverage.
You must also provide a risk that cannot be insured (ie commodity price risk) and a possible plan to manage that risk (ie diversification, hedging, etc).