XCPD-020 Fundamentals and Ethical Consideration & Insurance and Employee Benefits
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This course introduces the financial planning profession, the concepts of the time value of money, insurance planning, and the practice of personal financial planning by professional planners. A financial calculator, such as a Hewlett Packard 12C, is required for this course. This course is available for continuing education insurance credits:
- District of Columbia – 16 CE insurance credits
- Maryland – 16 CE insurance credits
- Virginia – 39 CE insurance credits
Upon completion of this course, successful students will be able to:
- Gain a firm grasp of financial planning concepts.
- Obtain an introduction to the financial planning profession and the practice of personal financial planning for individuals, families, and small businesses by professional planners.
- Understand time value of money concepts and the calculations to support them.
- Learn about insurance planning and risk management and gain a working knowledge of risk management/ insurance techniques.
Fundamentals of Financial Planning and Insurance Planning — Financial Planning Certificate Program (Module 1)
Fundamentals of Financial Planning provides an overview of the financial planning and insurance industry. You’ll learn the basic terminology of financial planning and develop a thorough understanding of insurance basics, risk management strategies, evaluation of client data, the concept of time value of money and the ethical considerations necessary for successful financial planners.
- Financial planning process
- CFP Board's Code of Ethics and Professional Responsibility
- CFP Board's Financial Planning Practice Standards
- Personal financial statements
- Emergency fund planning
- Credit and debt management
- Buying versus leasing
- Function, purpose and regulation of financial institutions
- Legal aspects of insurance
- Property and casualty insurance
- General business liability
- Health insurance (individual)
- Disability income insurance (individual)
- Long-term care insurance
- Life insurance
- Client attitudes and behavioral characteristics
- Educational funding
- Financial planning for special circumstances
- Time value of money concepts and calculations
- Characteristics and consequences of types of entities and property titling
- Principles of insurance
- Analysis and evaluation of risk exposure
- Viatical settlements
- Insurance needs analysis and rational
- Taxation of life, disability and long-term care insurance
- Insurance policy selection
- Insurance company selection and due diligence
Who should attend
The Financial Planning Certificate Program is designed for anyone pursuing CFP® certification, including professionals in the fields of investment brokerage, insurance, banking, accounting and the law. In addition, professionals from other industries who want to make a career change and are looking for rigorous instruction in financial planning are encouraged to enroll.