Kyle and linda are married with two children at home and a mortgage. kyle’s net pay per year is $32,000 and linda’s is $48,000. their monthly expenses are $3,500. kyle and linda each contribute 15% of their earnings to a retirement fund and they have $5,000 in savings. they also have a $100,000 life insurance policy on kyle, but none on linda. as their financial advisor, what part of kyle and linda’s financial plan would you encourage them to work on and why?

Insurance is needed for Linda more than Kyle as she provides more income (would be more of a financial loss if anything happened to her). Need more life insurance than 100k for Kyle and certainly need even more for Linda. Need Income protection as well. 
They are saving some of their earnings which is great but all in a retirement fund plus 5k in cash. Diversify into property directly perhaps (though as financial adviser this is normally not where you want them to invest) and also some gearing could help substantially.

The total would be 40.53