An examination of the specific application of these methods with regard to life health, property, casualty and liability contracts. This course explains the uses of life insurance, annuities, health insurance and Social Security in the financial planning context. It explains the integration of social security benefits, employer-provided benefits, and individually purchased life insurance and investments into comprehensive financial plans. Students successfully completing this course should understand the need for and main techniques of financial planning in contemporary U.S. society. Includes an examination of property and casualty insurance products with an emphasis on contract language, case law, the use of contracts, the type of coverage afforded, and underwriting procedures.
Risk handling devices and how they are applied to business problems are discusses.
Some of the techniques examined include self-insurance, captives, financial instruments, and retentions. Included is an analysis of loss data and how it can be utilized to select a risk handling technique. Includes a review of legislation affecting these plans. Will examine the impact the courts have had on claims handling. Major topics are security analysis and portfolio management.