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Understanding guaranteed income in income insurance plans entails recognising that these plans offer a reliable source of income, typically through regular payments over a specified period of life. This income is often unaffected by market fluctuations, providing financial stability and peace of mind.
Learning Outcome
By the end of the course, participants will be able to:
- Classify the different kinds of insurance and understand what kind of insurance an individual needs
- Recognise the difference between insurance savings plans and unit trust investment plans
- Explain what Income Insurance Plans are.
- Define the difference between Investment Return and Guaranteed Income.
- Understanding the loan function on the financial calculator
- Explain how loan amortisation works
- Recognise how returns on property investments are calculated
- Discuss what affects property valuation
