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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

Varies-independent study. 

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

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. 


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).