In the Recommendations section of your plan, you have included the following: (a) universal life insurance for $400,000; (b) a $4,000 disability income policy which will cost $4,500 per year; (c) liquidation of $600,000 of individual stocks currently owned by the client; and (d) purchase of a $500,000 single premium deferred annuity. You are a fee and commission-type planner and have offered to implement these recommendations yourself, if the client so desires. The client fails to take any action. How do you handle this situation?

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The Answer of In the Recommendations section of your plan, you have included the following: (a) universal life insurance for $400,000; (b) a $4,000 disability income policy which will cost $4,500 per year; (c) liquidation of $600,000 of individual stocks currently owned by the client; and (d) purchase of a $500,000 single premium deferred annuity. You are a fee and commission-type planner and have offered to implement these recommendations yourself, if the client so desires. The client fails to take any action. How do you handle this situation?

In the Recommendations Section of Your Plan, You Have Included