Managing risk and planning for the unexpected are critical aspects of personal financial planning. By improving your understanding of these areas, you’ll be well-placed to assist clients with these challenging issues.

As an experienced practitioner, you can expand your knowledge across various topics, including:

• The risk management planning process
• Needs analysis and insurance contracts
• Life insurance types and features
• Key characteristics of annuities
• Personal risk insurance
• Group insurance and other employee benefits
• Executive and deferred compensation arrangements
• Closely held businesses

Navigating the insurance landscape

You’ll also explore fundamental aspects of the insurance industry, such as:

• The regulatory environment
• Professional responsibilities
• The insurance carrier environment

This knowledge will give you a firm context from which you can guide clients through the complex and specific considerations involved with making decisions about risk and protection.

Applying core principles in practice

You’ll be able to tie together the theoretical and practical aspects of the insurance industry and its position in the world of personal financial planning. You’ll examine how various elements of risk management and insurance planning integrate with other areas of personal financial planning, including:

• Tax planning
• Retirement planning
• Estate planning
• Charitable planning

This will help you to maximize the value and support you can offer to your clients.