Insurance & Risk Management – BUSI 687

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course focuses on assessing and mitigating risk in the financial industry while integrating insurance considerations to manage both risk and return. Topics include business and personal risk, corporate investments, diversification, ownership and property, and legal liability.

Prerequisites

BUSI 532, BUSI 534, BUSI 536, and BUSI 538

Rationale

Risk management is one of the most critical aspects of a financial plan. Through appropriate and adequate risk management strategies, clients drastically increase the success rate to accomplish their financial goals. Additionally, this course is part of the core CERTIFIED FINANCIAL PLANNING™ designation educational curriculum, allowing students to sit for the national CFP® designation exam.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Interpret risk management principles through a biblical perspective.
  2. Create plans to address risk exposures associated with personal and business insurance to include disability, health care, and long-term care needs.
  3. Develop a life insurance plan that meets client goals and considers tax implications.
  4. Understand different types of risk and the impact of each risk on clients’ finances.
  5. Explain the elements and characteristics of insurance contracts.

Course Assignment

Textbook readings and lecture presentations/notes

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (6)

Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided topic that must be at least 350 words, include at least 2 sources, and integrate information drawn from experience and course-related information (books, articles, and presentations). Each discussion board post should be posted in the DB Forum and as an attached word document to the post. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be at least 250 words and integrate information drawn from experience and course-related information (books, articles, and presentations).

End of Chapter Discussion Questions (4)

The student will answer multiple discussion questions found at the end of each chapter. The student must answer each assigned question in enough detail to provide a thorough response to the question/statement.

Written Assignments (3)

There are 3 short Written Assignments in the course. These assignments are based on a case study that is provided by the instructor. These case studies are designed to help the student to begin to incorporate the content they are learning and begin to apply them to various real-life situations.

Quizzes (3)

Each quiz will cover the Reading & Study material for the assigned modules/weeks. Each quiz will have a 1-hour and 30-minute time limit, multiple choice and true/false questions, and will consist of 25-questions.

Final Exam

The final comprehensive exam will be open-book/open-notes, contain 100 multiple-choice questions, and have a 3-hour time limit. The exam will cover all topics covered throughout this course.