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Kaplan DFP2

Discussion in 'Financial Planning Study Group' started by Michael67, 3rd Oct, 2016.

  1. Michael67

    Michael67 New Member

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    Perth
    Hi,
    if anyone needs help with this assignment let me know. Case study is the Dalgars
     
  2. RabbiMoshe

    RabbiMoshe New Member

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    11th Oct, 2016
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    How much do Kaplan charge to do the Financial planner course?

    Is this the same school in goulburn street?
     
  3. Heathcote

    Heathcote New Member

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    Hi I really need some help with the CIMER and recommended sum insured.
     
    Last edited by a moderator: 12th Dec, 2016
  4. hobo

    hobo Moderator Staff Member

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    FNQ
    Maybe post the question/s you have about the assignment directly here? You might receive help from others as well, that way. :)
     
    Simon Hampel likes this.
  5. neK

    neK Member

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    Is DFP2 still insurance?
    It's been years since i did it, but happy help if someone posts the actual question.
     
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  6. Heathcote

    Heathcote New Member

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    Its the Life Insurance subject. My problem is that I believe I have done it all properly and filled out the CIMER. but I would like someone to look over it for me. Thats why I asked if i could email you.
     
  7. neK

    neK Member

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    CIMER... never heard of that acronym before... sounds rather wanky.

    Had to google its meaning.... Interesting way they have used to quantify the different variables.

    An alternate way to look at it is,
    "how screwed would your family be if you died"
    then ask why they would screwed
     
  8. Nad

    Nad New Member

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    26th Apr, 2017
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    Sydney
    Hi Michael,
    I would really appreciate any help with it if your still offering. Many thanks!!!
     
  9. minty

    minty Member

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    26th Mar, 2014
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    Location:
    QLD
    Hey Nad
    I too am doing the Dalgar assignment..just trying to suss out how to calculate the 'unpaid spousal duties' amount for the CIMER. I saw this in the example CIMER in the study notes so thought it prob ought to be included in the assignment o_O
     
  10. AnthonyKing

    AnthonyKing Member

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    30th Oct, 2010
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    Location:
    Sydney NSW
    Hi Nek and All
    I ran into this in 1974 when I was an Engineer and did an intro course with MLC Life - it's a Mnemonic for "Cleanup, Income, Mortgage, Education and Retirement". It keeps the consultant and client on track and directs them to Needs Based financial solutions for the client. It is a simple way to address the clients needs and help to find solutions within a budget framework and build a relationship to employ the clients help in his solutions. A simple way to build a JV as partners.
    I used it exclusively from my start and adapted it to business insurance solutions later.
    It is very well accepted by persons who work in logical decision making processes such as Engineers, Architects and Accountants all professions that will also give you referrals.
    Maybe if you do a search for MLC Cimer you may find some help?
    About getting help with FP Courses - just an important note that all these courses require the student to provide his won work and answers. When you get out into the world and your with a client there is not usually a mentor with you - yr on yr own!
    Regards
    AK
     
  11. AnthonyKing

    AnthonyKing Member

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    Location:
    Sydney NSW
    Hi Nad and All

    The process is to calculate how much would it cost each week to pay for child, home and other spouse related duties and capitalise the cost at a reasonable interest rate to arrive at the Sum Insured for the spouse duties replacement. Usually this would be done by way of a “rider" attachment which was reducing temporary insurance for the child/s dependency period. Similar to a reducing mortgage insurance contract which costs less than a level or increasing Sum Insured.
    AK
     
  12. minty

    minty Member

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    26th Mar, 2014
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    Location:
    QLD
    I have just completed & passed this assignment on my first attempt - woo hoo! :D

    If anyone needs any help I'd be happy to try and answer any questions