The negative effects of tax and inflation will not concern you, provided that your initial investment is protected. However, this template has already been prepared for you based on the information given by Jessica. This is in your assignment at Insurance and risk protection assignment section 2. Note: There are a series of questions relating to section 4 in the assignment that you must answer. However, if after analysis of her situation you believe that advice is required, you need to explain what advice she should seek and why.
The information and data you need to do this work is presented as a case study. All this information will be recorded in a factfinder form which you will compile. You require an investment strategy that will cope with the effects of tax and inflation. You should add, delete or substitute items where appropriate. Closing the interview Prior to concluding your meeting with Jessica, you review the information provided to her to check that it is complete and accurate. No What could be put in place now for any anticipated requirements? You go on to explain that part of the information gathering will include the need to complete a financial profile. Collecting the data You gather the following information about John and Elsbeth through a process of thorough and polite questioning.
Collecting the data You learn the following information about Jessica through a process of thorough and polite questioning. The assignment must be completed before submitting it to Kaplan Professional Education. You will have fewer opportunities to get and keep good clients because of them. Capital gains 1 yr n. The information requested in this form will be used strictly for that purpose.
Assessor feedback: Section 7: Questions — providing ongoing service Answer the following questions in the spaces provided. After that if the client is convinced to come for a meeting the agent need to maintain all details of the clients and prepared a table showing the details of the clients for further study to convince the client to accept the service provided by the company. The questions Your response Assessor feedback a. Jessica does not place superannuation and retirement planning as a priority at the moment, saying that retirement is a long way off and her employer looks after her superannuation anyway. Assessor feedback: Section 1 Part C Outline how you would develop rapport with a client during your first meeting. You may be receiving the pension and are keen to enjoy life and maintain your health.
He sees it as a beneficial tool that can help each and every student, from the person who knows every answer, to the quiet person at the back of the classroom. The mortgage is a variable interest loan with an interest rate of 4. Very little understanding or interest 10 Not very familiar Would like to know more 20 P Have had enough experience to understand the importance of diversification 30 Understand that markets may fluctuate and that different market sectors offer different income, growth and taxation characteristics 40 Experienced with all investment sectors and understand the various factors that may influence performance 50 If you can only get greater tax efficiency from more volatile investments, which balance would you be most comfortable with? If you can't pass Kaplan's risk subject without sharing answers, you've got until July 1 next year to figure out which career you want to try next because that exam is going to be designed specifically to keep the imprudent and the untalented out the industry. If you had funds available for investing, how would you choose to invest them? Assessor feedback: Your personal and financial information Listed below is a summary of your relevant personal and financial details that you have provided. So a few more people can rock up and get that job instead of you? Investment attitude details Please answer the following questions regarding your attitude to financial issues.
She has an older brother who is married with two young children and a younger sister who still lives with her parents. The main purpose of taking insurance is to recover in case any disaster happens. Jessica joined the fund on 19 January 2007. You are probably better off financially now than you may be in the future. It is the main reason to review your investment after three months alternatively. The annual management fee charged by Answer here is 2%. The mortgage is a variable interest loan with an interest rate of 4.
Recently John, a business associate of Marie, who also has a young family, was seriously injured in a vehicle accident that has resulted in uncertainty about his ability to return to work. Then blow up some clients? Healthcare reform is a daunting challenge for U. Marie took all her accumulated annual and long leave as part of her maternity leave. How to use the study plan We recommend that you use the study plan for this subject to help you manage your time to complete the assignment within your enrolment period. Is it absolute advantage or comparative advantage? After greeting her and offering her a glass of chilled water, she confirms that she received your package of documents and that she has filled in the fact finder and the risk profile. They do have some insurance cover themselves, but are now unsure if it is adequate or suitable for their needs. There is a series of questions relating to Section 1 in the assessment workbook that you need to answer.
This is than stored in fat cells and then hormones release triglycerides for energy in between meals. Make changes to your original submission. Information on different products and providers is readily available on the internet, or if you are already working for a licensee you may be able to use those from your approved product list. That is, why there is a need to change the asset allocation, or to replace or sell an investment. Security of capital is secondary to the potential for wealth accumulation. If sanela asked for help on that question, it would have been answered here for him, probably by me or one of the other people of goodwill who offer help in this place, in some detail. However, she is keen to learn more about it following her success with the purchase of Westpac Banking Corporation shares.
Their son, Christian, attends college away from home and lives in a fraternity house. Secondly, you may say you just want to 'see if you've got the right answers', which is a standard cheater's rationale - I copied, but I did it for all the right reasons. They should be specific, measurable and have a nominated dollar value where possible. Your answers to these questions are your opportunity to demonstrate your ability to develop a strategy that aligns with her requirements. No Section 3 Part B Analyse the data provided by the couple by answering the following questions. If you do not meet these requirements, you will be notified.
Any excess income they have is paid into the offset account. Prepared to accept higher volatility and moderate risks, your main concern is to accumulate assets over the medium to long term. Many partners also work and any children are growing up and have either left home or require less supervision. However, hedging is a markedly different method of insurance from home, auto and flood insurance. Think carefully about your responses and do not assume that you are in a position to provide answers to everything. Karen is a marketing analyst and is often away from home several days at a time. List the investment products you have researched here, and indicate why you think each investment you have researched may or may not be suitable for Jessica.