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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Financial Services and Products for Organizations (LOMA 380)

Financial Services Products: Employee Insurance and Retirement Benefits
Location: 

Independent study and proficiency examination program administered from the central offices of LOMA.

Length: 

Varies-independent study. 

Dates: 

November 2004 - December 2015. 

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Upon successful completion of the course, students will be able to: discuss the primary types of employee benefits typically offered in the United States and the regulation of such benefits; describe how organizations plan and administer their employee benefits programs; describe the financial services products that provide the following types of employee benefits: health insurance, including supplemental health benefits such as dental and prescription coverage, disability insurance, and group life insurance; describe defined benefit, defined contribution, and hybrid retirement benefit plans; and discuss the various types of retirement benefit plans available to groups and individuals. 

Instruction: 

This course covers the product design and capital management issues affecting profitability and solvency for financial services providers. Topics covered include: group insurance; group life insurance; social security; group health insurance and managed care plans; supplemental health insurance coverages; disability income insurance; tax and regulatory issues for retirement plans; retirement plan termination insurance; defined benefit and defined contribution retirement plans and hybrid retirement plans; 401(k) and 403(b) plans; profit sharing plans and employee stock option plans; money purchase pension plans; funding for group retirement plans; executive benefits; and individual retirement arrangements. 

Credit recommendation: 

In the upper division baccalaureate degree category, 3 semester hours in a Business curriculum (7/06) (6/12 Administrative Review).

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