Professional Documents
Culture Documents
FPbook Ebook PDF
FPbook Ebook PDF
LD YOUR 21stCENTURYFI
NANCI
ALPLAN”
byDR.SANJ
AYR.TOLANI
Financial Planning Book
1 | Page – Financial Planning Book
www.sanjaytolani.com
ACKNOWLEDGEMENT
TABLE OF CONTENTS
In summary…
In summary…
In summary…
Explanation:
59 | P a g e – F i n a n c i a l P l a n n i n g B o o k
CATEGORY A: MARRIED – INCOME - DEPENDENTS
D r . S a n j a y T o l a n i - P a g e | 60
How Much Life Insurance: 10 X AI for both of you.
Insurance? Income protection: 5 X AI for both of you.
Retirement Planning: Save 20% of the joint
AI: income.
Annual Income Education Planning: (Optional)
A B C D E F G H
A B C D E F G H
61 | P a g e – F i n a n c i a l P l a n n i n g B o o k
CATEGORY C: MARRIED – NO INCOME - DEPENDENTS
D r . S a n j a y T o l a n i - P a g e | 62
How Much Life Insurance: 5 X AI for yourself and 10 X AI
Insurance? for earning spouse.
Income Protection: 5 X AI for both of you.
AI: Retirement Planning: Save 20% of the joint
Annual Income income.
Education Planning: (Optional)
A B C D E F G H
A B C D E F G H
63 | P a g e – F i n a n c i a l P l a n n i n g B o o k
CATEGORY E: SINGLE – INCOME - DEPENDENTS
D r . S a n j a y T o l a n i - P a g e | 64
How Much Life Insurance: (Optional)
Insurance? Income Protection: 5 X AI of income.
Retirement Planning: Save 20% of income.
AI: Annual Education Planning: (Optional)
Income
A B C D E F G H
A B C D E F G H
65 | P a g e – F i n a n c i a l P l a n n i n g B o o k
CATEGORY G: SINGLE – NO INCOME - DEPENDENTS
D r . S a n j a y T o l a n i - P a g e | 66
pay you as soon as I get my pay check.”
A B C D E F G H
A B C D E F G H
67 | P a g e – F i n a n c i a l P l a n n i n g B o o k
How Much Life Insurance: 5 X monthly expenses.
Life Income Protection: 5 X monthly expenses.
Insurance? Retirement Planning: Save 20% of your
allowance.
Education Planning: Save 5% of your allowance.
CATEGORY H: SINGLE – NO INCOME – NO DEPENDENTS
D r . S a n j a y T o l a n i - P a g e | 68
You are in a unique position to build your society
and build your life; you have 28000 days; use it to
your advantage to create something which will be
remembered for many years to come. You have
been blessed with life; you have been blessed with
freedom to choose; you are with a blank piece of
paper, write your story.
A B C D E F G H
A B C D E F G H
69 | P a g e – F i n a n c i a l P l a n n i n g B o o k
How Much Life Insurance: 5 X monthly expenses.
Life Income Protection: 5 X monthly expenses.
Insurance? Retirement Planning: Save 20% of your
(Optional) allowance.
Education Planning: Save 5% of your allowance.
In summary…
Using the table above, you should now know the amount of
insurance you need to achieve your financial goals. Spend some
time to speak to an advisor to find out more about which specific
financial products can help you in your financial planning journey.
D r . S a n j a y T o l a n i - P a g e | 70
CASE STUDY:
In summary..
Imagine this:
Points to consider:
Points to consider:
Points to consider:
Points to consider:
Points to consider:
Points to consider:
In summary…
In summary…
RISK MANAGEMENT
learn.sanjaytolani.com