Chapter 3 — Risk Management and Insurance Planning

Domain Weight: 11% (~19 questions) Folder: Chapter 3 - Risk Management and Insurance Planning/

| File | Topic | Key Concepts | |---|---|---| | 3.1 - Life and Disability Insurance Planning.md | Life insurance types, disability definitions, LTC, annuities | Term vs. permanent, own-occupation definition, SSDI, exclusion ratio, LTC ADLs |

Core competencies this chapter builds:

• Apply the risk management process to client insurance needs
• Calculate life insurance needs using the needs approach
• Distinguish disability definitions and identify optimal coverage for professional clients
• Apply the annuity exclusion ratio to determine taxable vs. non-taxable payments
• Select appropriate LTC insurance structure given client longevity and asset profile
• Identify appropriate payout option for income annuities (joint and survivor, life only, etc.)

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