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Risk Management: Managing Life Cycle Risks

Learn about life cycle risks and how age, health, employment, and environment can affect these risks significantly.

Publisher: Saylor Academy
This free online course in risk management teaches how to manage life cycle risks. There are certain life cycle risks that can have a serious impact on a person's wellbeing if they are not prepared for them. We need to be aware of these life-changing situations and be ready if and when they happen to us. With this course, you will learn how to identify and manage important life cycle risks before they become too large to handle.
Risk Management: Managing Life Cycle Risks
  • Duration

    1.5-3 Hours
  • Students

  • Accreditation






View course modules


There are three main classes of risks associated with the human life cycle: premature death, longevity, and wellbeing. This course starts by outlining the different ways mortality risk can negatively impact one's life. You will learn how mortality tables and life expectancy tables are used for assessing the probability of premature death. You will then study the role of interest rates in retirement planning, and discuss how health risks and medical costs form major parts of life cycle risk.

You will then study the main issues and global trends regarding social security programs and learn how social security has moved from fully funded to pay-as-you-go. This course will also discuss the difference in benefits between early and late retirees. You will also learn why extended life expectancy and lower birth rates can cause a funding burden. You will then study why the concept of pooling is critical to life insurance, and examine the difference between the reserve and face amount of a life insurance policy.

Individuals face a lot of risks as they progress through their lives, so knowing how to manage some of the big ones can make a real difference to a person's wellbeing. By the end of this course, you will understand the most important risk management trends in the modern world and how they play a part in everyone's lives. This is truly useful knowledge that can make a real difference to your future. So, check out the course today and start learning something really valuable.

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