5. Use the financial facilitator to calculate the income replacement need to be met by short and long term disability insurance for both Tyler and Mia, given their employer-provided policies.
a. What is the resulting need if individually disabled?
b. What is the resulting need should the both be simultaneously disabled?
c. How does the assumption on the qualification of Social Security benefits affect the calculation? Explain the advantages and disadvantages of planning for disability with or without Social Security benefits.
d. What are the tax implications of these benefits?
e. What are the implications for their emergency fund given the applicable waiting periods?

6. Based on the information collected, financial advisors have a responsibility to fully document and inform clients of the analyses and results. This information can be communicated through a letter or via a comprehensive or modular plan. Summarize your observations about Tyler's and Mia's current disability insurance situation and the planning need(s) identified. Incorporate text, bullets, and graphics in your explanation.

Conduct a current long-term care situation analysis for the Bedos'. Be sure to assess the following:
a. Tyler's and Mia's need for long-term care insurance today.
b. The Bedos' need for long-term care insurance in the future.
c. How will Medicare or Medicaid benefits influence the Bedos' need for long-term care insurance?
d. What, if any, are the tax implications of a policy purchase?
e. What are the implications for their emergency fund, given different elimination periods?

6. Summarize your observations about the Bedos' long-term care planning situation as they might appear in a client letter or plan. Incorporate text, bullets, or graphics in your explanation.

5. Use the financial facilitator to calculate the income replacemen...