health care plans include the following clauses: exclusions, annual deductibles, coinsurance, copays, out-of-pocket maximum.Explain each of these clauses.

Summarize the main differences between defined-contribution and defined-benefit retirement plan.

Explain the needs-based approach to determining the amount of life insurance needed.

Describe the risk management process to address risks to property and income.

Explain how insurance works to reduce risk.