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Risk and Estate Planning
Postgraduate | TAS-BFA509 | 2024
Build knowledge in a range of life insurance products that have been used in years passed, and will be used for years to come. Gain confidence in suggesting which plans are best for an individual's circumstances.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
- Start dates
- 26 Feb 2024
FEE-HELP available
Risk and Estate Planning
About this subject
Upon successful completion of this subject, the student should be able to:
- Recommend appropriate personal risk insurance services, advice and products to clients.
- Evaluate the application of insurance law, risk management applications and policy contracts.
- Evaluate personal risk, estate planning and sustainable practice strategies in financial planning scenarios.
- Describe the estate planning and administration process and analyse and evaluate the process of drawing up of wills, the testamentary trust framework, powers of attorney, and pre-nuptial agreements within this.
- Evaluate the importance of trusts, asset protection, types of powers of attorney and binding health directives and describe the legal frameworks around these concepts.
- Topic 1 - Operations of insurance markets
- Topic 2 - Regulation and compliance
- Topic 3 - Nature of risk, risk management
- Topic 4 - Life Insurance
- Topic 5 - Life Insurance (cont.)
- Topic 6 - Disability Insurance & Business Insurance
- Topic 7 - Disability Insurance & Business Insurance (cont.)
- Topic 8 - General and Health Insurance
- Topic 9 - Wills and Estates and Powers of Attorney
- Topic 10 - Trusts and Testamentary trusts to protect wealth
- Topic 11 - Relationship breakdown – effect on wealth accumulation
- Topic 12 - Personal bankruptcy and corporate insolvency – threat to wealth
Risk management is a complex, progressive and demanding industry based on the protection of individuals, businesses and governments against risk and financial catastrophe. Insurance is the foundation of our lives and the social and economic fabric of our society.
This subject will assist you to develop a clear appreciation of the Life Insurance sector of the financial services industry. Life insurance is the cornerstone of most financial plans and one of the most important areas in personal financial management.
The financial adviser must be aware of the need for and appropriate amount of life insurance and to match up the most suitable policy to meet the need within the client’s affordability.
Although there are a wide variety of different life insurance products to cater for different needs in the market today, the basic types of products have not changed significantly. It is important that the financial adviser understands these fundamentals and is able to recommend the appropriate products that will meet the client’s situation and needs.
- Capstone Assessment (40%)
- Case Study (25%)
- Application Questions and an Estate Planning Case Study (35%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-MFP-GDI-2024 - Graduate Diploma of Financial Planning
Additional requirements
- Other requirements - Teaching Arrangement: Blended delivery approach with self-directed teaching materials provided online. There are also (two) 2-hour online workshops weekly per intensive delivery period, commencing in Week 6.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
PostgraduateTAS-MFP-GDI