Personal Finance II

Curriculum guideline

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Course
FINC 3300
Discontinued
No
Course code
FINC 3300
Descriptive
Personal Finance II
Department
Finance
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
Not Specified
PLAR
No
Semester length
15 Weeks
Max class size
35
Course designation
None
Industry designation
CFP,QAFP
Contact hours

Lecture: 2 hours/week

Seminar: 2 hours/week

Method(s) of instruction
Lecture
Seminar
Learning activities

Lecture, seminar, and online. Case scenarios are presented to enhance understanding. This course involves a considerable amount of self-studying and completing online assignments. 

Course description
Personal Finance II continues to build on the financial planning concepts learned in Personal Finance I, with a primary focus on personal insurance planning. Topics include life insurance, accident and sickness insurance, segregated funds, annuities, and ethics and professional practice. Students will also gain a deeper understanding of taxation, family law, retirement, and estate planning. This course prepares students to write the life insurance licensing exam, as well as fulfilling Certified Financial Planner (CFP) program academic requirements.
Course content
  1. Life insurance products as tools for income protection and estate planning.
  2. Accident and sickness insurance for individuals, group, and businesses.
  3. Insurance contract terms, features, riders, and supplementary benefits.
  4. Calculation and articulation of insurance needs based on client scenarios.
  5. Applications of segregated funds and annuities in investment and retirement planning. 
  6. Government pension programs, registered plans, and employer sponsored plans.
  7. Ethical considerations in the industry and financial planning practice. 
  8. Taxation fundamentals in financial planning. 
  9. Implications of family law in separation, divorce, and death.
Learning outcomes

Upon completion of the course, a successful student will be able to:

  1. analyze personal risks and financial information to determine the insurance coverage needed;
  2. recommend appropriate life insurance solutions to protect dependants and/or assets in various client scenarios;  
  3. recommend disability, critical illness, and long-term care insurance solutions; 
  4. recommend appropriate segregated funds and annuity asset mix solutions as part of client鈥檚 investment and retirement planning; 
  5. integrate government benefit programs such as CPP, OAS, RRSPs, RESPs, RDSPs, TFSAs, and FHSAs as well as pensions and investment planning into retirement and estate planning scenarios;
  6. interpret family law and explain how it would impact assets in separation, divorce, and death; and 
  7. demonstrate the importance of ethical conduct in insurance industry and in other financial planning professions.
Means of assessment

Assessment will be based on course objectives and will be carried out in accordance with the 黑料吃瓜网曝一区二区 Evaluation Policy. 

Assignment(s) or Case(s)

10% - 30%

Tests or Midterm Exams

40% - 60%

Final Exam

30% - 40%

 TOTAL

100%

No single assessment will be worth more than 40%.

Students must achieve a minimum grade of 50% on the combination of term exams and the final exam, or any other component that is individual and invigilated under exam conditions. Instructors will provide clarifications as to which components are considered invigilated components in their course outlines.

Textbook materials

Textbooks and materials to be purchased by students:

Institute of Financial Services Educators (IFSE) LLQP Common Law materials

All textbooks are subject to change with approval of the department.

Calculator: Texas Instruments BA II Plus or as approved by Department.

 

Prerequisites

FINC 2300 with 鈥淐鈥 or higher.

Corequisites

None

Equivalencies

None

Which prerequisite

FINC 4370