Personal Risk Management

Course Description

This course is primarily aimed at those who want to understand more about how they can protect their finances from unexpected events. Taught by a CERTIFIED FINANCIAL PLANNER™ Professional, this course covers the role insurance plays into your financial plan, including what kinds of insurance to explore, how to determine how much insurance you need, and how different kinds of insurance works. The course includes life insurance, health insurance, disability insurance, homeowners insurance, renters insurance, auto insurance, and umbrella insurance. You will also learn about estate planning, including the documents involved and special considerations for new parents.

 

This course helps you understand how protecting your money is an important part of financial planning. It is part of The Fundamentals of Personal Finance specialization but can be taken as a standalone course as well.

Course Hours per week: 3hrs.

Learning Outcomes

Upon completing the requirements for this course, the student will be able to:

  1. Define the role of insurance in personal financial planning.

  2. Explain the different categories of risk.

  3. Describe risk management.

  4. Evaluate the different types of insurance cover.

Office Workspace

Course outline

1. The Concept of Risk

  • Definition of risk 

  • Categories of risk

  • Risk identification 

  • Risk evaluation

3. The Insurance Industry

  • The regulators -

  • Professional bodies -

  • The operators

2. The Management of Risk

  • Risk avoidance 

  • Risk control 

  • Risk financing 

  • Risk transfer through insurance

4. Types of Insurance Cover

  • Life insurance -

  • Health and disability insurance -

  • General insurance -

  • Commercial insurance -

  • Islamic insurance

Outdoor Study Group

Course Materials

The primary learning materials for this course are articles, lectures, and videos.

Assessment

Assignments and coursework

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