CFP Module 3 case studies
CFP Module 3 · Put your knowledge to work in context.
CFP Module 3 is the risk management, insurance, and employee benefits component of the CFP certification curriculum. It is aimed at candidates building a financial planning career who need to advise clients on protecting income, assets, and health rather than only accumulating them. The CFP Module 3 case studies are 5 cases and about 3,479 words.
1Whole Life Replacement With a Policy Loan and Substandard Health
Daniel, 47, owns 60% of a regional HVAC contractor. He has a 500,000 whole life policy issued 14 years ago with a 120,000 cash value and an 85,000 outstanding policy loan at a 6% variable rate.
752 words, about 4 min2COBRA, Marketplace Subsidies, and HSA Use After a Layoff
Priya, 58, was laid off in March from a job paying 140,000. Her employer offers COBRA for 18 months at 1,850 per month for her and her husband, age 60.
737 words, about 4 min3Long-Term Care Planning When One Spouse Has Early Cognitive Impairment
Ruth, 74, and Harold, 76, have 780,000 in investable assets, a 520,000 home with no mortgage, and 62,000 per year in Social Security plus a 24,000 pension. Ruth has early-stage Alzheimer's disease with an MMSE score of 24 and needs intermittent help with two activities of daily living.
645 words, about 3 min4Partial Disability, Group Offsets, and Taxability for a Surgeon
Alvarez, 38, is an orthopedic surgeon with base salary of 420,000. Her group long-term disability plan covers 60% of the first 250,000 of salary, pays a maximum of 12,500 per month, and offsets Social Security disability and individual disability benefits dollar for dollar.
675 words, about 3 min5Rental Property, a Powerboat, and an Umbrella Gap
Marcus owns a duplex titled in a single-member LLC and rents it to two tenants. He also owns a 26-foot powerboat with a 300-horsepower engine and has a 17-year-old son with a learner's permit who drives the family car.
670 words, about 3 min