FINC 441: Individual and Business Insurance Planning
Prerequisite: FINC 251 or FINC 331 and FINC 341
Credit hours (3)
This course covers the appropriate uses of insurance products, such as property, liability, life, health, disability, IRAs, pension accounts, retirement income and annuity contracts for individual and business insurance planning.
Detailed Description of Course
1) Introduction to Insurance Planning
2) The Role of Insurance in Financial Planning and Wealth Creation
3) Property and Liability Insurance Products
4) Life and Health Insurance Products
5) Regulation of Insurance Companies and Agents
6) Tax Benefits of Insurance Products (Life Insurance, IRAs, 401(k)s, 403(b)s, …)
7) Social Security Benefit Considerations in Financial Planning
8) Effective Uses of Insurance Products
9) Personal Life Insurance Products
10)Insurance Uses in Estate Planning
11)Business Insurance Planning
12)Employee Fringe Benefits
Detailed Description of Conduct of Course
This course includes formal in class lectures, textbook cases and assignments, in class projects and a research paper and the presentation of the results. Guest speakers also address current insurance topics of interest.
Goals and Objectives of the Course
The goals and objectives of this course are:
1) To introduce students of all majors to the importance of insurance and proper insurance
planning throughout their careers and entire lifetime;
2) To increase the relevant knowledge of students with respect to the proper uses of insurance
products so as to improve their future financial wellbeing and also to introduce students to the
many choices of careers in insurance and the financial services industry.
Assessment measures include tests, examinations, written assignments, a term paper and class presentation of results.
Other Course Information
Review and Approval
December 1, 2017
February 1, 2008
February 25, 2014
September 2, 2014