Answered>Order 2188

John Savage is a 35-year-old accountant who earns $72,000 per year. His monthly take-home pay is $4,500. His wife Jessica works part-time at their church but has no employee benefits. John’s firm has a group short-term disability plan, which will provide him with 65% of his gross monthly pay for 2 years only. What would you advise John regarding his potential need for additional disability insurance, including the type, amount of benefits, or other policy provisions? (30 points total) (Points : 30)

John should purchase a disabilty plan which would provide replacement of about 65% of his income untilhe reaches the age of 65 or 67. He should get a two year waiting period because he has the STD…