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The Concept
These interactive financial planning modules are designed to answer the most common financial planning questions asked by clients. Such things as...
- How much money must I save to retire comfortably?
- How much must I save to fund a child's education?
- How much life insurance do I require?
These web components can be linked to any web site and are intended to offer the following benefits.
- Add interest to your web site and increase traffic.
- Encourage customers to think about these common financial planning issues and thereby make them more open to the topic.
- Help you increase sales of the financial products that can help them realize their goals.
The Components
The following is a list of the modules that we have created to date. More will be developed over the coming months. If you have ideas for components, please submit them to us.
- Life Insurance Needs Analysis - uses the declining pool approach to approximate the amount of life insurance a person should carry.
- Retirement Needs Analysis - answers the question, how much do I need to retire comfortably?
- RSP vs Non-RSP Savings- illustrates the value of saving tax-free within an RSP as compared to taxable savings plans.
- Cost of Education - what savings are required to fund a child's post-secondary education.
- Dollar Cost Averaging - illustration of the concept of dollar cost averaging.
- Leverage Strategy - does it pay to borrow money to invest?
- Mortgage Strategy - is it better to make a lump sum payment towards your mortgage or invest the difference?
To view a demonstration simply click on the applicable link.
Each component incorporates the following elements:
- A data entry screen in which assumptions are entered.
- A results page in the form of a pop-up window including assumptions and graph.
- A report page in the form of a full-screen page including assumptions, graph and explanatory text.
- An instructions page that explains how data should be entered and may include an explanation of the concept being illustrated.
The report page is designed to be printed so customers have a hard-copy of the results which they can use for future reference.
The demonstration versions of each of these modules are provided so you can see how they work. Before they are implemented in your web site you would normally want some minor customization which include:
- Addition of your company logo to pages.
- Addition modification of the user instruction page.
- Change to the colour scheme, button controls etc.
- Change to the user instructions.
- Change to the explanatory text that appears on the report page.
Click here to visit our demonstration site and try them yourself.
Linking these modules to your existing web site is extremely easy. We simply provide you with a link to the specific module which you would then add to any page of your web site. Alternatively, we can create a custom menu page which acts as an introduction. This is most appropriate when you are using multiple modules.
These actual modules remain resident on the Proven Systems web-server which hosts the graphics engine that is used for illustrations.
Modules are offered on an annual subscription basis and can be purchased individually or as a package. The initial price includes up to one hour of customization - the typical time requires to complete the work. Time in excess of an hour is billed at $60/hr. A estimate of time required will be provided before work is completed.
| COMPONENT | YEAR 1 |
YEAR 2+ |
| Life Insurance Needs | $199.00 |
$149.00 |
| Retirement Needs | $199.00 |
$149.00 |
| Leverage Illustration | $199.00 |
$149.00 |
| RSP vs Non-RSP Savings | $199.00 |
$149.00 |
| Cost of Education | $199.00 |
$149.00 |
| Dollar Cost Averaging | $199.00 |
$149.00 |
| Mortgage Strategy | $199.00 |
$149.00 |
| All 7 modules | $850 (save $550) |
$500.00 (save $550) |