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CP1 Actuarial Practice Exam Prep
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Module 2
Customer Needs and Benefit Structures
1
Understanding Customer Financial Needs
Identify the key customer needs addressed by financial products.
Understanding Benefit Providers
Describe the main providers of benefits (e.g., state, employers, individuals, insurers).
3
Social Security & State Benefits: Role in the Market
Explain the role of social security and state-provided benefits in a given market.
4
DB vs. DC Pensions: Member & Sponsor Perspectives
Compare the features and risks of Defined Benefit (DB) and Defined Contribution (DC) pension schemes from the perspective of the member and sponsor.
5
Types of Retirement Savings Products
Describe the main types of group and individual retirement savings products.
6
Designing and Financing Employee Benefits
Explain the key considerations in the design and financing of employee benefit programs.
Previous module
The Professional and Economic Landscape
Next module
Life and Health Insurance Products