1. Prepare a risk management plan for a family of five (mother, father, and children ages 5, 8, and 12) both parents work (annual salaries $65,000 and $110,000). They own a home that was purchased 3 years ago for $275,000. It is located in bucks county, PA. they own two vehicles; a 2015 Honda sedan and a 2013 Dodge van. Each adult drives 8 to 10 miles each way to work daily (M-F) they also own a small two-bedroom summer home near the jersey shore valued at $150,000. Make sure you justify all parts of the plan.