To date, the Kampes have accumulated a total of $107,000 of assets, not including $45,000 of home equity. Their assets include $10,000 in an emergency fund, $12,000 in IRA funds for Wendy, $35,000 in other investments, and $50,000 in Frank’s 401(k) plan through his employer. Questions 1. What method should the Kampes use to determine how much insurance they need? 2. Should Wendy purchase an insurance policy? Why or why not? If so, what type of policy would you recommend for Wendy? 3. What type of life insurance policy would you recommend that Frank purchase? 4. What will happen to Frank’s group life insurance if he leaves his present job? 5. What could happen to the Kampes’ children if Frank or Wendy should die without adequate life insurance coverage? 6. Should the Kampes name the children as life insurance beneficiaries? 7. Which life insurance riders might the Kampes select when purchasing a policy?