Rachel and Tala are in their early 40s and have two boys together, Callum (8) and Leroy (5). Rachel also has an adult daughter Ruby from a previous relationship. Rachel works full time in the marketing industry. She is salaried and receives good pay rises each year. Tala has been working hard over the last few years building up his own adventure tourism business. Although some years have been better than others, he is excited by the recent increase in corporate clients booking team building sessions. Both Rachel and Tala are incredibly grateful to be able to pursue careers that they love. They intend to continue in these until they turn 60, when they plan to retire early and travel extensively. Rachel only recently joined Kiwi Saver and regrets not doing it sooner. Tala joined 10 years ago and contributes regularly. They are both currently in default funds but have each recently completed risk profile questionnaires. Rachel identified as a conservative investor and Tala as an aggressive investor. They intend to switch their kiwi Saver to funds that match their respective risk profiles once they have purchased a house. While Tala is a great saver, his spending habits leave a bit to be desired! He tends to spoil the boys every chance he gets. He is a born risk taker in everything he does in life. Rachel however is highly conservative and likes to protect herself from risk wherever possible. Rachel and Tala have had an offer accepted on a 1970s bungalow. The deposit came from a combination of kiwi Saver, savings and a small inheritance Tala recently received. Both are very handy and have a great eye for design; they plan to modernise the bungalow over the next few years to make it a home of their own. They have committed to a tight budget to save for the renovations and meet their goal of reducing debt quickly to support their early retirement plan. They live a minimalist lifestyle and have not invested much in furniture over the years. As such, their contents are rather worn and not worth a lot. They have two vehicles. Rachel recently upgraded to a new hybrid. Tala drives an old 4WD which while he loves it, he knows it will need to be replaced soon as it is getting expensive to maintain. He often jokes that it is worth more for parts. Rachel has a family history of eye disease and both she and Tala wear glasses. It is important to them that they maintain their own, and the boys eye health.

Task 1 Explain the key features of Kiwi Saver to Rachel and Tala. Your explanation should include: o purpose o contribution rates o two benefits specific to KiwiSaver o two benefits the same as other managed funds. Your explanation should highlight Rachel and Tala's different situations.

Task 2 Explain to Rachel and Tala the differences between the default fund and their proposed Kiwi Saver funds. Your description of the three fund types should include the following features: o Asset classes o Level of risk and expected return o Diversification o Long term impact of their different attitudes to risk.

Part B: Home lending Task 3 Describe each of these home lending products: a. Table loan b. Revolving credit loan c. Interest-only loan. Your description for each of these products should include these loan features: o Loan term o Interest rate options o Repayment requirements o Typical borrower.

Task 4 Identify a suitable home loan structure for Rachel and Tala. Give reasons for your answer. You should consider the loan products and features you outlined in Task 3.

Part C: General insurance Task 5 Describe each of these general insurance products: b. Home insurance c. Contents insurance d. Motor vehicle insurance. Your description should include the types of cover that are available and the key features of each.

Task 6 Identify suitable general insurance products for Rachel and Tala. Give reasons for your answer. You should: o consider each of the three products outlined in Task 5 o select the appropriate products and type of cover.

Part D: Life, disability, and health insurance Task 7 Describe each of these life, disability and health insurance products: a. Term life b. Trauma c. Total and permanent disablement d. Income protection e. Health. Your description for each of these products should include: o what the purpose is o what types of cover are available and the key features of each o how and when the benefit is paid.

Task 8 Identify suitable life, disability and health insurance products for Rachel and Tala. Give reasons for your answer. You should: o consider each of the five products outlined in Task 7 o for each product, state if it is appropriate, and if so which type of cover

Part E: Estate planning Task 9 Explain to Rachel and Tala the benefits of establishing Wills and Enduring Power of Attorneys (EPA). You should: o include three benefits of having a Will o include three benefits of having an EPA o highlight Rachel and Tala's different situations.

Task 10 Describe the process for establishing a Will and an EPA. You should explain: o three criteria for creating a valid Will o three criteria for creating a valid EPA o who to approach to assist in the preparation of Wills and EPAs.