From the course: Risk Management and Insurance Planning: Designing for Client Needs
Join today to access over 25,200 courses taught by industry experts.
Outro
And that's a wrap. Today we talked about three key insurance products that financial planners use to protect clients' financial plans. We used a case-based approach to learning and saw how the Pritchett's conversations with their financial planner informed and shaped their recommendations in the insurance categories of life, disability, and health. We saw that there was often a gap between what a client desired regarding insurance coverage and what they have been provided through an employer, and how we use a needs-based analysis approach to understanding how we fill that gap. We also saw examples of most commonly used products to fill these needs and saw how risk management via insurance products is an important and effective way to protect the financial plan. I hope this has given you more insight into why and how insurance products effectively manage risk.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.