Learn how to illustrate models to your clients, comparing the retention of risk to the transfer of risk using the time value of money.
Learning 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.
Major Topics
Insurance needs analysis;Elements of insurance policies;Legal requirement of insurance contracts
