FINAN 5250 - Insurance and Financial Planning for Individuals & Business Owners

This course offers students an overview of techniques used by individuals and closely-held business owners to address risk management, wealth accumulation, retirement income, and wealth preservation needs. Covers risk management fundamentals and how life, disability, long term care insurance products are used to address risk management goals. Covers basic retirement planning concepts, trends, and tax-shelters such as Traditional and ROTH IRAs; 401(k) & Profit Sharing Plans; Defined Benefit Plans; and Annuities. Provides a review of products used for retirement planning including mutual funds, UITs, ETFs, life insurance, fixed & variable annuities, and CDs. Wraps-up with a very basic overview of estate planning strategies including buy-sell agreements for business owners the use of marital deduction to reduce estate tax liability. For students considering a career in financial services, please note we will use a textbook from the American College customized for this University of Utah class with chapters taken from the same materials you will study to obtain CLU, ChFC, and CFP professional designations. For more information: http://www.theamericancollege.edu/pdf/Designation_Brochure.pdf