Learn how to help your clients manage risk by analyzing the client’s exposure to different types of risk.
Learning 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.
Major Topics
The risk management process;Legal elements of insurance contracts;Regulatory environment;Types of insurance contracts
