Designations

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CHS Designation Program Course Outline

CHS Designation Program

  1. Disability Income Insurance – CHS 303
  2. Critical Illness, Long-Term Care and Group Benefits – CHS 504
  3. One of the following elective courses:

Disability Income Insurance – CHS 303

This course will provide the student with an introduction to the fundamentals of disability income insurance and group benefits.

Among the topics covered are:

  • The Nature of the DI Risk
  • Disability Statistics
  • Sources of Income During a Disability
  • Determining Insurable Earnings
  • Marketing and Distribution
  • DI Policy Provisions
  • Optional Benefits for DI Policies
  • DI Plans and Options for Contract Workers
  • DI Needs Analysis and Plan Design
  • Pricing Individual Disability Income Insurance (IDII) Products in Canada
  • DI Underwriting
  • DI Claims
  • Workplace Solutions
  • DI Business Needs and Products
  • Special Risk Products for Disability Insurance
  • Taxation of DI and Business Products
  • Public Health Insurance
  • Individual Health Insurance
  • Travel Insurance

Critical Illness, Long-Term Care and Group Benefits – CHS 504

This course deals with critical illness and long-term care insurance including marketing, selling, product design and pricing, underwriting and claims. Also reviewed are marketing, selling, product design and pricing, underwriting and claims administration for a variety of group insurance products.

The following topics are covered:

  • Critical Illness Insurance
  • Long-Term Care Insurance
  • Types of Group
  • Government Plans
  • Group Disability
  • Group Health Care
  • Group Dental Care
  • Flexible Coverage Programs
  • Employee Assistance Programs
  • Group Plan Administration and Claims Adjudication
  • Group Product Pricing and Underwriting Methods
  • Marketing and Distribution Channels for Group Insurance Products.

Elective Courses

Choose one of the following three elective-course options:

Contemporary Practices in Financial Planning – CFP 232
This course introduces students to basic income tax laws and moves into a more advanced understanding as it relates to areas of financial planning. A review of the professional and ethical responsibilities associated with the role of a financial planner and an understanding of the structures and services within the financial industry are reviewed. Different forms of business structure are explored in depth, along with an understanding of trusts.

Module 5: Taxation – Level I
Module 6: Taxation – Level II
Module 7: Professional Standards & Financial Industry
Module 8: Organizational Structures

Comprehensive Practices in Risk and Retirement Planning – CFP 233
This course is designed to provide students with a comprehensive understanding of the principles and applications related to the concepts of managing risk and retirement planning. This course covers products, issues, and practices in the area of insurance and retirement. Included is an understanding of the risk management process along with the retirement planning process moving through the wealth accumulation phase into retirement.
Module 9: Risk Management – Fundamentals, P&C, Other
Module 10: Risk Management – Life & Disability Insurance
Module 11: Registered Pension Plans
Module 12: Registered Retirement Savings Plans
Module 13: Retirement Income & Other Compensation
Module 14: Retirement Planning

Wealth Management and Estate Planning – CFP 234

Students will review the basics of economics and investing along with an understanding of investment products. Investment planning and key areas of personal financial management are explored. The course concludes with estate planning fundamentals, concepts, and applications.
Module 15: Economics & Investments - Fundamentals
Module 16: Investments - Products
Module 17: Investment Planning
Module 18: Financial Management
Module 19: Estate Planning

Ongoing Designation Requirements

The CHS has annual requirements for one to maintain the designation including adherence to The Institute Code of Professional Conduct, continuing education requirements and paying an annual licensing fee. Designation maintenance requirements are consistent with highly recognized professional designations in the financial services industry as well as other industries such as law, engineering and healthcare.