NAF Case Studies

Plan Your Financial Life (National Academy Foundation)

Chapter 14: All Jack Wants Is a Good Night’s Sleep

Jack and Jo-Anne are a young couple with two children, ages 3 and 5. Jack has a good job with a cable company and Jo-Anne is a stay-at-home mom. Jack worries though, that if he becomes ill or dies, his family will suffer from the financial loss that his disability or death would create. Jack has been worrying so much about this that he is not sleeping very well at night. Jo-Anne doesn’t worry at all. She knows that Jack is young and in good health. She thinks that they don’t need to think morbid thoughts at their age.

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Should Jack worry about becoming disabled or dying? What could he do to protect his family from financial loss should he die or become disabled?