Life, Health and Annuities

Catalog description

This course provides an in-depth analysis of life, health and annuity insurance products and their role in personal financial planning. Life insurance will be examined in a broad context to encompass insurance that pays on the death of an insured (i.e., mortality risks), promises to to pay while an insured is alive (i.e.,longevity risks), and promised payment or sevices to insureds in the event of incapacity, disability, or losses of health (i.e., mobidity risks). The course will examine how life insurance products fit within an individual's personal financial plans, retirement plans, and estate plans. The course will examine the technical details of how various types of annuities operate, how and when they should be used in an individual's financial plans, and the structure, costs, benefits and risks that come with the different types of annuities. Also, the course will examine health insurance products, managed care, health plan provisions, and regulations affecting health insurance.