CERTIFIED FINANCIAL PLANNER™ Certification
Education Program
Risk and Insurance Planning FP II MED0101
Instructor
Michael S. Wallace, CFP®
Mike is a CFP® certificant working for Bull and Bear Financial Advisors in Jacksonville. His work encompasses all areas of financial planning but he specializes in investment and retirement planning. Mike has had over 20 years experience in corporate finance, both as a corporate lender and as an investment banker. He is a member of the Jacksonville Chapter of the Financial Planning Association. He can be reached at the following number:
Cell: 904.382.6252
E-mail: msw8669@comcast.net
I. Course Description
This course introduces students to the application
of insurance planning and risk management in personal financial
planning. The course construct is based on the learning objectives
specified by Certified Financial Planner Board of Standards, Inc. This course is designed to provide students
with an understanding of the concepts of identification of risk
exposure, legal aspects of insurance, property and liability policy
analysis, life insurance policy analysis, health insurance policy
analysis, employee benefits, social insurance, insurance regulation,
and principles of insurance taxation. This course is intended
to be part of a preparatory program for the CFP® Certification
Examination and is designed to meet the educational requirements
for certification in insurance planning.
II. Grading
Your grade will be determined on the basis of
points scored on a three-hour comprehensive final exam.
Letter grades will be based upon the following
scale:
| 90 to 100 |
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A |
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| 80 to 89 |
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B |
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| 70 to 79 |
|
C |
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| Below 70 |
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F |
III. Class Preparation and Attendance
Students are expected to have read all assigned
materials prior to class in order to participate in classroom
discussions. To receive credit for this class, you must attend
80 percent of the classes. Attendance
at the final exam is mandatory. The instructor is to be
notified before the exam begins if an extreme emergency arises
and the student is unable to attend on the exam date. All make-up exams
will be scheduled at the convenience of the Instructor.
IV. Textbooks and Required Material
Textbooks should be ordered by the student from
the publisher in sufficient time to read the first assignment
prior to Session 1.
Click here for details on ordering required textbooks. If you have questions, please contact Melissa Chandler 904.361.6261, machandl@fccj.edu for further assistance.
V. Class Schedule and Assignments
| Session 1: |
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Orientation |
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Introduction, Insurance Planning |
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Vaughan: Chapter 1 |
The Problem of Risk |
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Vaughan: Chapter 2 |
Introduction to Risk Management |
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Vaughan: Chapter 3 |
The Insurance Devise |
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Vaughan: Chapter 10 |
Managing Personal Risks |
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Keir: Lesson 2 |
Introduction to Risk Management and
Related Legal Issues – Section 1-3 |
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Keir: Sample Problems |
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| Session 2: |
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Vaughan: Chapter 4 |
Risk Management Applications |
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Vaughan: Chapter 5 |
The Private Insurance Industry |
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Vaughan: Chapter 11 |
Social Insurance Programs |
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Keir: Lesson 1 |
Introduction to the Insurance Industry |
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Keir: Sample Problems |
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| Session 3: |
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Vaughan: Chapter 6 |
Regulation of the Insurance Industry |
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Vaughan: Chapter 9 |
The Legal Framework |
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Vaughan: Chapter 27 |
Negligence and Legal Liability |
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Keir: Lesson 2 |
Introduction to Risk Management and
Related Legal Issues – Sections 4-5 |
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Keir: Sample Problems |
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| Session 4: |
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Vaughan: Chapter 12 |
Introduction to Life Insurance |
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Vaughan: Chapter 14 |
The Life Insurance Contract - General Provisions |
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Vaughan: Chapter 15 |
The Life Insurance Contract - Other Provisions |
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Vaughan: Chapter 16 |
Special Life Insurance Forms |
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Keir: Lesson 3 |
Introduction to Life Insurance and Annuities –
Section 3, 4, 5 & 7 |
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Keir: Sample Problems |
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| Session 5: |
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Vaughan: Chapter 17 |
Buying Life Insurance |
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Vaughan: Chapter 18 |
Annuities and Pension Benefits |
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Vaughan: Chapter 23 |
Employee Benefits and Other Business Uses of
Life and Health Insurance |
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Keir: Assignment 3 |
Introduction to Life Insurance and Annuities –
Section 1, 2 & 6 |
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Keir: Sample Problems |
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| Session 6: |
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Vaughan: Chapter 20 |
Health Insurance: Disability Income Insurance |
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Vaughan: Chapter 21 |
Health Insurance: Coverage for Medical Expenses |
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Vaughan: Chapter 22 |
Health Insurance for the Elderly |
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Keir: Assignment 5 |
Health Care Plans |
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Keir: Assignment 6 |
Disability Income and Long-Term Care Insurance |
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Keir: Sample Problems |
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| Session 7: |
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Vaughan: Chapter 24 |
The Homeowners Policy - General Provisions |
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Vaughan: Chapter 25 |
The Homeowners Policy Forms |
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Vaughan: Chapter 26 |
Other Personal Forms of Property Insurance |
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Keir: Assignment 7 |
Property and Liability Insurance – Sections 1 & 2 |
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Keir: Sample Problems |
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| Session 8: |
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Vaughan: Chapter 27 |
Negligence and Legal Liability |
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Vaughan: Chapter 28 |
General Liability Insurance for the Individual |
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Vaughan: Chapter 30 |
The Personal Auto Policy |
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Vaughan: Chapter 31 |
Commercial Property Insurance |
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Vaughan: Chapter 32 |
Commercial Liability Insurance |
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Keir: Assignment 7 |
Property & Liability Insurance – Sections 3 & 4 |
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Keir: Sample Problems |
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| Session 9: |
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Vaughan: Chapter 34 |
Insurance in the Future |
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Exam Review |
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Practice Examination Problems/Case Analysis |
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| Session 10: |
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Examination, Insurance Planning |
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Florida Community College at Jacksonville
does not certify individuals to use the CFP®, CERTIFIED
FINANCIAL PLANNER™, and CFP(with flame logo)® certification
marks. CFP certification is granted only by Certified Financial
Planner Board of Standards Inc. to those persons who, in
addition to completing an educational requirement such
as this CFP Board-Registered Program, have met its ethics,
experience and examination requirements.
Certified Financial Planner Board of
Standards Inc. owns the marks CFP®, CERTIFIED FINANCIAL
PLANNER™, and CFP (with flame logo)®, which it
awards to individuals who successfully complete initial
and ongoing certification requirements. |
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