Postgraduate TAS-BFA509-2023
Risk and Estate Planning
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.
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Duration
14 weeks
Study method
100% Online
Available loans
- FEE-HELP
Assessments
100% online
Prior study
Not required
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Subject details
Upon successful completion of this subject, students 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 and estate planning 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
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- Week 1 - Operations of Insurance Markets
- Week 2 - Regulation and Compliance
- Week 3 - Nature of Risk, Risk Management
- Week 4 - Life Insurance
- Week 5 - Life Insurance (cont.)
- Week 6 - Disability Insurance & Business Insurance
- Week 7 - Disability Insurance & Business Insurance (cont.)
- Week 8 - General and Health Insurance
- Week 9 - Wills and estates and Powers of Attorney
- Week 10 - Trusts and Testamentary trusts to protect wealth
- Week 11 - Relationship breakdown – effect on wealth accumulation
- Week 12 - Personal bankruptcy and corporate insolvency – threat to wealth
In order to enrol in this subject, you must be accepted into one of the following degrees:
Core
- TAS-MFP-GDI-2023
Elective
- OUA-PSU-GCE-2023
Additional requirements
No additional requirements
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 be 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).