Risk, Insurance and Social Security

• • Risk management
  • The insurance device
  • Legal principles and insurance contracts
  • Life insurance
  • Insurance planning
  • Selling life insurance and compliance
  • General insurance
  • Business Insurance
  • Centrelink Payments
  • Centrelink Planning

• Study resources

  • Online materials

    • Printable format materials

You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:

• RMI-FNP11-Personal Wealth Management

Special requirements

No special requirements

Please note: This subject was previously known as Insurance and Social Security.

This subject examines insurance and social security with an emphasis on personal financial planning. You will learn about different types of risk and strategies for handling risk, the nature of insurance and the legal framework within which insurance companies and advisers operate. Attention is also placed on the way insurance is marketed and sold and the role of advisers in insurance planning and the financial planning process. Social insurance and strategies for maximising Centrelink benefits and payments are also investigated. You will have opportunities to develop strategies for property and personal risk and be able to explain the nature of risk and discuss the different concepts of risk.

• Assignment (40%)
• Test (10%)
• Invigilated Exam (50%)