RFG's Financial Planning Modules
In the following list are all the Modules offered by RFG when engaged for Financial Planning Services using the Modular approach instead of the Multi-Disciplinary Review. The pricing for each Module is a flat-fee as expressed in the Engagement Agreement. Each Module is followed by a breif description, but should you have any questions, please email firstname.lastname@example.org
Accumulation Analysis: The Accumulation module compares Client's current funding projections against an expected capital expenditure, provides options to consider if the analysis reveals a shortfall.
Annuity Income Analysis: The Annuity Income module examines the use of guaranteed annuity income for covering expenses during retirement. The analysis looks at existing guaranteed retirement income, like Social Security and pensions, and compares them to expected retirement expenses. In the case of a shortfall, it determines the amount of assets that would have to be converted to an annuity to cover the desired expenses.
Asset Allocation Analysis: The Asset Allocation module presents the client's current assets broken down by asset class and asset type. The module provides a risk tolerance questionnaire, and the answers provided are used to produce a recommended asset allocation for the client.
Disability Insurance Needs Analysis: The Disability module examines the impact of an unexpected disability. The analysis estimates lost income and how long term disability coverage can help replace the lost income.
Education Needs Analysis: The Education module compares the client's current funding projections against the expected costs of higher education. The module then provides options for consideration if the analysis results in a shortfall.
Financial Statements Analysis: The Financial Statements module examines the client's basic financial condition, including net worth, income, expenses, and current cash flow. The module also provides an analysis of the client's available reserves in the event of an emergency.
Life Insurance Needs Analysis: The Life Insurance module examines the financial impact of a premature death. The analysis determines the survivor's ability to maintain their desired standard of living and how much life insurance is needed to cover any shortfall.
- Human Life Value Analysis: The Human Life Value module examines the impact of a premature death. The analysis determines the total financial impact of the loss of income as well as other factors, and solves for the amount of life insurance benefits needed to replace those losses.
Long Term Care Insurance Needs Analysis: The Long Term Care module examines the impact of a long term care health event. The analysis projects the accelerated liquidation of the client's capital resources and conducts a cost comparison of new long term care coverage.
Retirement Income Needs Analysis: The Retirement module compares the client's current income and capital resources funding projections against their expected costs in retirement. The module then provides options for consideration if the analysis results in a shortfall.
Asset Protection Analysis: The Asset Protection module examines a client's available personal insurance, and the impact of unforeseen events. Death and disability are viewed through the resulting loss of income. Homeowner’s insurance needs are examined. Finally, the need for an umbrella policy to protect the client across multiple policies is analyzed.
Business Insurance Needs Analysis: The Business Insurance module examines business partners' needs for liquidity through life insurance. It examines several techniques that can be used to ensure the duel purposes of ensuring the business remains intact while providing the value of a partner's ownership interest to their heirs.
Estate Planning Financial Analysis: The Estate Planning module illustrates the distribution of assets to heirs and the payment of taxes and fees that occur at the client's and spouse’s deaths. The module then allows financial evaluation of most typical estate plan changes. The module supports analysis of the scenario where death occurs today, as well as a selected scenario of future death.