Risk Management and Estate Planning

Course Code

MGMT 5000

Academic Year

2016-2017

This course examines the fundamentals associated with the principles of risk management including the concept of insurable risk, the application of insurance into the risk management process, and risk management strategies. It also includes the study of the characteristics of insurance contracts, a review of public health insurance and private medical plans. The course incorporates a general understanding of automobile and homeowner insurance as well as the various government sponsored benefit plans. This course also examines the various elements of estate planning; the comprehensive process to ensure that there is a smooth transition of an individual's estate after his/her death. The topics include powers of attorney, wills, trusts, administrative issues, and various tax issues.