Kaplan DFP2: Written Assignment - Insurance and Risk Protection

This assignment solution addresses a written assignment for the Kaplan Professional Education DFP2 course, focusing on Insurance and Risk Protection. The assignment involves a case study of a young couple, John and Elsbeth Smyth, and requires the student to act as a financial advisor. The solution includes a fact finder, analysis of the Smyths' financial situation, and responses to case study questions related to their insurance needs. The assignment covers topics such as assessing existing insurance, identifying potential risks, and recommending appropriate insurance products to meet the clients' needs and financial goals. The student is expected to source external information to find suitable products and calculate service fees. The assignment emphasizes the application of financial planning principles to real-world scenarios, demonstrating competence in providing life insurance advice. The assignment is graded based on the demonstration of competence in answering the questions, with the assessor providing feedback to the student. The assignment is designed to assess the student's ability to apply theoretical knowledge to practical financial planning situations.