This course covers
financial planning issues related to obtaining financial security. It is a time sequential course starting off
with budgeting, and financial organization.
Financial worth is discussed, including how to figure net worth using
standard worksheets.
Since
establishing financial goals is necessary to any financial plan, chapter 3
looks at goal setting that is realistic.
Once goals are established, the course moves on to investments and
investment risk, including the silent risk – inflation.
Because
life is uncertain, the course looks at the use of setting aside emergency
funds, including the best places to keep such money. Debt is also discussed.
Americans are the highest users of plastic debt, eating up much of our
resources. Chapter six looks at the way credit card debt works and how the
interest rate charged takes even more than one often realizes.
Chapter
7 deals with health insurance, including major medical plans, Medicare
supplemental plans, and long-term care insurance for the nursing home. The course progresses on through disability
plans, and life insurance (including who really needs it). Since agents know that insurance is all
about protecting assets, chapter ten looks at property and casualty lines (home
and auto insurance).
Chapter
12 looks at insurance that is obtained through employment. Medical insurance is most likely the result
of employment, but other types are also available.
Chapter
13 examines the financial needs in retirement.
This primarily deals with saving enough money during our working years
to be able to be financially comfortable when retirement comes. Planning for retirement also means planning
our estate. Chapter 14 looks at that
topic. Estate planning involves many
things, including gifting and other property distribution, wills and revocable
trusts, and even planning for our pets after we are gone.
Finally,
Seeking Security looks at the need for ethics in our day-to-day lives. While morals are part of everyone’s life, it
is essential in a field like insurance that deals with consumer finances.