CFP 302 - Risk Management & Insurance Planning
This course provides students with an understanding of risk management and the tools and techniques available to minimize exposures to risk. Students will learn how to conduct an insurance needs analysis for clients and evaluate insurance contracts for life, disability, long-term care, and health insurance. The course also covers how insurance rates are developed, what types of contracts are available, how to read insurance proposals, and how life insurance is used in financial planning. Students also learn about property and casualty insurance, including homeowners’, liability, and auto insurance. Other topics include group life and health insurance plans, business uses of insurance, and annuities.
Online Course Modules to be developed for this course:
• Principles of Insurance
• Insurance Needs
• Evaluation and Analysis of Risk Exposures
• Legal Aspects of Insurance
• Insurance Policy Selection
• Insurance Company Selection
• Property and Casualty Insurance
• General Business Liability
• Health Insurance
• Disability Income Insurance
• Long-Term Care Insurance
• Life Insurance
• Viatical Settlements
• Taxation of Insurance
Prerequisites & Notes
Prerequisites & Notes
Sophomore status within student’s current baccalaureate program at home institution.
(Students who have already completed a baccalaureate program, who are taking the course to complete a certificate, require CFP311 to satisfy this course requirement.)
For this 8-week course, students will engage in various weekly asynchronous activities on Brightspace (projects, videos, threaded discussions) and cooperative peer-project activities at a minimum of 6-hours weekly asynchronous engagement (48hrs). Students should expect to devote 12 additional hours per week reading, writing, collaborating, and preparing assignments for this 8-week accelerated course (96hrs).
Course Learning Objectives
Upon completion of this course, students are expected to be able to:
Explain general concepts of risk management and assessment
Understand the concepts and uses of each principle personal line of insurance coverage
Understand the general concepts and uses of business insurance
Understand and calculate an individual’s or family’s insurance needs
Understand how to select the appropriate insurance policy and company for a client
Credits: This course meets the requirements for a 3-credit undergraduate course delivered over an 8-week period of time.
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