Description
Learn how to help your clients manage risk by analyzing the client's exposure to different types of risk.
Objectives
- Distinguish among the terms hazard, peril, and risk.
- Recall the legal elements of an insurance contract.
- Distinguish types of life insurance contracts.
- Select the type of insurance to address personal loss exposure risk.
- Recall life insurance features, nonforfeiture, and settlement options for clients.
- Recall an advantage of a life annuity without refund.
- Recognize the need for risk management in a personal financial planning engagement.
- Indicate risk management methods based on facts and circumstances.
Highlights
- The risk management process
- Legal elements of insurance contracts
- Regulatory environment
- Types of insurance contracts