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Risk Management - Managing Life Cycle Risks

  • Description
  • Outcome
  • Certification
  • The free online course Risk Management - Managing Life Cycle Risks examines the risks that individuals face as they progress through their lives and the best ways that risk professionals recommend mitigating such risks.

    When one thinks of the field of risk management, risk exposures such as property, automobiles and business premises come to mind. People often forget the one risk that everyone faces: our own mortality. This course begins by presenting the risks that all individuals face throughout the life cycle, including mortality, longevity and ill-health and disability. You will learn about each of these risks in detail and examine the ways that these risks can be mitigated. You will then examine the current trends across the globe and how they are influencing the life cycle risks that we all face.

    The course then examines the most common coverage for life cycle risks in developed countries: Social Security. By using the American Social Security system as an example, you will learn how many countries across the world have systems in place to protect their citizens against life cycle risks. You will study aspects of the American system, such as eligibility, types of benefits and where the finance comes from. You will then examine the issues and global trends in Social Security. The course concludes by examining life insurance. You will learn how life insurance works and the different types of life insurance that can be taken out to mitigate different life cycle risks.

    This free course will be of great interest to professionals working in the area of risk management who would like to gain an in depth understanding of life cycle risks and the best ways to protect their customers against them. The course will also be of interest to anyone who wishes to learn about the best ways to protect themselves against life cycle risk.

  • Having completed this course the learner will be able to:
    - Define the risks that all individuals face throughout the life cycle;
    - Discuss the various ways in which life cycle risks can be mitigated;
    - Analyse the effect that global trends can have on life cycle risk;
    - List the various types of eligibility and benefits of the United States Social Security system;
    - Explain how life insurance operates;
    - Define the various types of life insurance and the life cycle risks that they are most commonly associated with.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Risk Management - Managing Life Cycle Risks
  • Free

  • 2-3 Hours

  • Saylor Foundation

  • Assessment

  • Certification

  • 50 Pts

Modules List( 4 )
  • RISK MANAGEMENT - MANAGING LIFE CYCLE RISKS
  • Risk Management - Managing Life Cycle Risks - Module Resources View Resource
  • Module
    1
    Introduction to Life Cycle Risks
    • Learn more about life cycle risks.
    • Introduction
    • The Risks Related to Mortality
    • The Risks Related to Longevity
    • The Risks Related to Health and Disability
    • Global Trends and Their Impacts on Life Cycle Risks
  • Module 2: Introduction to Social Security
    • Learn more about social security.
    • Introduction
    • Definition, Eligibility, Benefits, and Financing of Social Security
    • Issues and Global Trends in Social Security
  • Module 3: Introduction to Life Insurance
    • Learn more about life insurance.
    • Introduction
    • How Life Insurance Works
    • Life Insurance Market Conditions and Products – Part 1
    • Life Insurance Market Conditions and Products – Part 2
    • Taxation, Riders, and Adjusting Life Insurance for Inflation
    • Group Life Insurance
  • END OF COURSE ASSESSMENT
  • Module 4: Risk Management - Managing Life Cycle Risks Assessment
    • You must score 80% or more to pass this assessment.
    • Risk Management - Managing Life Cycle Risks - Assessment
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