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Risk Management - Managing Life Cycle Risks

Risk Management
Free Course

Learn more about managing and mitigating life cycle risks.

Description Outcome Certification View course modules

Learn about the risks that individuals face as they progress through their lives and the best ways that risk professionals recommend mitigating such risks by studying the course Risk Management - Managing Life Cycle 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 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 enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.

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