Browse FP 1

Chapter 8: Risk Management and Life Insurance

In this section

  • The Nature of Risk
    Explore how risk in financial planning affects earning capacity, asset value, and unforeseen liabilities, along with strategies to quantify and manage potential losses using both qualitative and actuarial approaches.
  • Managing Risk
    Explore the primary strategies of risk management—avoidance, reduction, transfer, and retention—and learn how Canadians can adapt these tactics throughout their lives, with a focus on insurance solutions.
  • Types of Risk
    Explore how personal, business, and investment risks intertwine in financial planning, emphasizing practical strategies to safeguard against unpredictable events.
  • The Life Insurance Industry
    Discover how Canada’s life insurance sector operates, including key regulations, risk pooling, underwriting, and the role of OSFI and CIRO in keeping insurers solvent and accountable.
  • Types of Life Insurance
    Discover the various forms of life insurance, including term and permanent coverage, and learn how to align each option with specific financial goals and life stages.
  • Understanding a Client’s Life Insurance Needs
    Explore how to conduct a thorough fact-find, calculate life insurance coverage, and coordinate existing policies to fulfill short- and long-term goals. Learn about capital needs analysis, the human life value approach, and strategies like layered insurance.
Tuesday, March 18, 2025 Monday, January 1, 1

Take your studies on the go! Access thousands of practice questions, detailed explanations, and realistic exam simulations right from your mobile device.

Important Notice: SecuritiesExamsMastery.ca and SecuritiesExamsMastery.com provide supplemental study materials for Canadian and U.S. securities exams. These resources are not affiliated with, nor endorsed by, the Canadian Securities Institute (CSI), the Canadian Investment Regulatory Organization (CIRO), or the Financial Industry Regulatory Authority (FINRA). CSI®, CSC®, CPH®, and WME® are registered trademarks of the Canadian Securities Institute. FINRA® is a registered trademark of the Financial Industry Regulatory Authority. These organizations do not endorse, promote, or warrant the accuracy or quality of the products or services offered by Mastery Education by Tokenizer. Our content is developed independently, and we do not guarantee exam success.