Description
Learn how to illustrate models to your clients, comparing the retention of risk to the transfer of risk using the time value of money.
Objectives
- Distinguish among the three types of life insurance needs analysis.
- Determine the amount of emergency reserves required for a personal financial planning client.
- Calculate an inflation-adjusted return.
- Distinguish the roles of the insurance company and the potential insured.
- Identify the principle that underlies most insurance contracts.
- Determine the appropriate contractual remedy based on facts and circumstances.
Highlights
- Insurance needs analysis
- Elements of insurance policies
- Legal requirement of insurance contracts