Geraldo works full-time to take care of his family. His wife, Marina, stays home to take care of their two young children. What kind of insurance coverage should Geraldo and Marina have for their family? Explain why.

geraldo works full-time to take care of his family his wife marina stays home to take care of their two young children what kind of insurance coverage should geraldo and marina have for their family? explain why

  3 Responses to “What kind of insurance coverage should Geraldo and Marina have for their family?”

  1. first tell me what kind of insurance you want , 1 life insurance term or full,2 health, 3 personal accident then i can suggest you

  2. First of all, Geraldo needs to get adequate life insurance coverage for death expenses and to provide for his family in the event of his death. Marina also needs to get adequate life insurance coverage for her death expenses and to cover new expenses Geraldo may incur (housekeeper, child care, etc.). Term life policies would provide them with the most coverage for the least expense.

    Secondly, they need to take out adequate health coverage for the entire family – make sure that all policies cover illness as well as acccident (since there are many cheap accident only policies out there).

    Since Geraldo works full-time, he probably receives much of these coverages as employee benefits. He should check the summary plan description and/or human resources department to check the extent of his coverage.

    Finally, he may want to investigate getting disability insurance on himself. Statistics show that adults in prime working years are more likely to become disabled than to die, so he needs to have some income protection for that. Social Security Disability benefits only come into play if a person is disabled for 12 months at least and the disability is likely to be permanent – and it’s a difficult process applying for & obtaining these benefits. Disability benefits from workers’ comp or auto insurance would only pay if the disability were the result of one of those claims.

  3. Not enough information, but here’s a hint: If they have a car and do NOT live in New Hampshire, they need auto insurance.

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