This session addresses risk management. Various insurance products will be reviewed, including life, disability and medical insurance, as well as the types of contracts available; and how insurance is used in financial planning to manage risk. Participants will also learn about the many types of property and casualty insurance, including homeowners, liability and auto insurance.
Learning Objectives
Identify, assess and evaluate loss exposures
Select and propose risk management technique(s)
Articulate the legal elements and characteristics of insurance contracts
Compare and contrast types of life insurance
Recognize the various types and uses of annuities
Evaluate annuity distribution option based on clients goals
Differentiate and compare the various types of disability insurance
Select disability benefits and riders based on client need
Select appropriate policy form for insured property based on covered perils
Choose liability limits based on clients financial statements
Distinguish differences between types of individual and group medical expense plans
Analyze need for LTC insurance
Major Topics
Life, disability, and medical insurance
Property and casualty insurance
Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Personal Financial Planning
CPE Field of Study
Specialized Knowledge and Applications*
3
Who Should Attend
Financial planners preparing for the PFS exam or who need a refresher on PFP skills
Instructor(s)
Thomas Tilery
Prerequisites
Basic knowledge in the area of insurance planning.
