Individual life, health, and annuity contracts within a financial planning context.
Athena Title
Life Insurance
Prerequisite
RMIN 4000 or RMIN 4000E or RMIN 4000H
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
By the end of this course, students will understand the role of life insurance and annuities in the personal financial planning process.
By the end of this course, students will be able to calculate life insurance and annuity premiums.
By the end of this course, students will be able to describe and understand the characteristics of the major life insurance and annuity products.
By the end of this course, students will be able to explain the taxation of life insurance and annuity products from both an income tax and estate tax perspective
By the end of this course, students will understand the distinction between pre-tax and after tax retirement products and apply these to the financial planning process.
Topical Outline
Introduction to Personal Financial Planning
Time Value of Money
Introduction to Life Insurance
Net Premiums Life Insurance and Annuities
Life Insurance Products
Annuities and Optional Benefits
Life Insurance Contracts
Life Insurance and Annuity Taxation
Estate Planning
Retirement Planning
Investment Planning and Analysis
Determining Life Insurance Needs
Life Insurance Underwriting
Life Insurance Cost Analysis
Business Planning
Institutional Competencies Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
