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Financial literacy

CFEP 4 Risk and Protection (S-414-CFEP)


Description
Note: You need to register "CFEP 0 Enroll" first.
This course will address topics such as
- Why do we need protection
- How does the government ensure protection
- What are the main types of insurance needed in our daily life
- What are the legal issues related to insurance
Content
  • Overview
  • Section 1: Risks in Life
  • Risks in life
  • Some examples of physical risks faced by individuals
  • Some examples of financial risks
  • Some examples of risks faced by households
  • Section 2: Protect Yourself Against Risk
  • Minimizing dangers in life
  • Protecting your money
  • The need for insurance
  • Consequences of insufficient or no auto insurance
  • Consequences of insufficient or no health insurance
  • Section 3: Government Enforced Protection
  • Social Security
  • Medicare
  • The Affordable Care Act
  • Section 4: Insurance’s Function on Risk
  • Insurance’s Function on Risk
  • Potential risks in life
  • Insurable risks
  • Strategies to manage some day-to-day risks in life
  • Insufficient or no insurance
  • Section 5: Insurances to Protect You
  • Insurances to Protect You
  • Life insurance
  • Health insurance
  • Long-term-care insurance
  • Disability insurance
  • Section 6: Insurances to Protect Your Property
  • Auto insurance
  • Coverage of auto-insurance
  • Determine the rate of auto insurance
  • Homeowner insurance
  • Coverage of home insurance
  • Liability insurance
  • Section 7: Legal Matters around Insurance
  • Legal Matters around Insurance
  • Insurable risk
  • Valid insurance contract
  • Uniform Commercial Code
  • Other contract characteristics
  • The principle of indemnity
  • Contract legitimacy
  • Full cycle of insurance
  • Section 8: Making a Decision to Buy Insurance
  • Making a Decision to Buy Insurance
  • Employer’s insurance-plan options
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  • Commercial plans
  • Government insurance programs
  • Steps in making a decision
  • Consumer-protection regulations
  • Section 9: Protection Against Financial Fraud
  • Protection Against Financial Fraud
  • Investment fraud
  • Ponzi Scheme
  • Advanced Fee or Debt Settlement Scam
  • Identity theft
  • Protection Against Financial Fraud
  • Warning signs of an investment fraud
  • Summary and Final Exam
  • Key Aptitudes
  • Concepts
  • Risk and Protection Test
Completion rules
  • You must complete the test "Risk and Protection Test"
  • Leads to a certificate with a duration: 1 year
Prerequisites
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