Knowledge of risk management is essential as you plan with your clients. Insurance is one of the most common means of addressing risk and can be one of the most confusing. This publication covers the basic concepts of insurance planning.

Learn about these areas to improve your client discussions:

• Nature of risk and alternative planning strategies to address it with your clients.
• Background knowledge you need to understand the insurance industry, regulations and your clients’ policies.
• Government programs such as Social Security and Medicare.
• Everything you need to know about life insurance and its uses in financial planning.
• The role and features of annuities.
• The other risk areas of your clients’ life including: health, disability, long-term care, and property & casualty insurance.

This publication is one of a series of personal financial planning learning opportunities available from the AICPA. This series is designed to provide a solid educational foundation in personal financial planning. The other products in the series are:

• Financial Planning: Process and Environment
• Fundamentals of Estate Planning
• Fundamentals of Income Taxation
• Fundamentals of Investments for Financial Planning, 8th Edition
• Planning for Retirement Needs

In addition to this series, there are a number of Personal Financial Specialist (PFS) credential exam preparation options available to help you pass the exam and obtain your CPA/PFS credential.

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PFS Holders/PFP Section Members Save an Additional 20%!
When you log into this website with your AICPA member user account, the section discount will be automatically applied during checkout. Should you have any questions or encounter any difficulties, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Personal Financial Planning Member Section and the PFS credential.