Risk Management and Insurance Group Project
The health and mortality implications of the recent coronavirus pandemic has propelled many of your coworkers to think critically about having proper health insurance, retirement and estate plans. As a student completing the Risk Management and Insurance course, your co-workers have requested a presentation on Risk Management Application for Life, Health and Income Exposures .
Required:
In preparing for your presentation you identified the following areas that would be vital to aid their understanding.
· Distinguish among the various forms of health insurance policies (basic health insurance, major medical insurance and miscellaneous insurance coverages).
· Explain the mandatory and allowable provisions in individual health insurance with respect to grace periods, reinstatement, claim procedures, occupational issues, the misstatement of age when applying for coverage, and the existence of more than one policy covering the same loss.
· Differentiate between Term insurance and Whole Life insurance policy. Outline the contract provisions as it relates to the incontestability clause, suicide clause, and non-forfeiture option.
· Describe the three common structures of pension plans, eligibility, and qualifications for retirement.
· Describe the use of wills, life insurance, trusts and gifts as basic tools in estate planning.
GUIDELINES FOR WRITTEN DOCUMENT
? The title page is to include the following in the order specified:
1/ Name of Education Institution (at top of page)
2/ Title of Course and Course code
3/ Name of Students and ID numbers
4/ Title of Project
5/ Date submitted
6/ Name of Lecturer
GUIDELINES FOR PRESENTATION
· Reference page (APA Format) ? Font Size: No less than 18 pt.
· Font Style: Times New Roman
General APA format must be maintained.
This project is worth 20% of your overall assessment.
You are required to submit 1 hard copy to the Lecturer during class AND e-mail 1 soft- copy to the Lecturer
This assessment is worth 20% of your total marks and must be done within the deadline specified. Failure to do so will result in an automatic grade of zero. Plagiarism, improper documentation and blatant careless incorrect grammar and spelling will be penalized by the loss of 2.5 marks of your grade in each case.
End of Assignment
