Availabilities:

2021 unit offering information will be available in September 2020

Unit description

Introduces students to insurance and estate planning including an overview of the insurance industry, the legal and regulatory framework, insurance products (such as personal, general and compulsory insurance), and insurance contracts and claims. The unit also covers estate planning topics such as wills, power of attorney, trusts, estate management, and other estate planning issues. Students will engage in teacher directed activities and experiences relevant to contemporary insurance and estate planning and the provision of responsible advisory recommendations to clients.   

Unit content

Topic 1: Insurance and Risk Management: An Introduction

Topic 2: Insurance Law and the Regulatory Framework

Topic 3: Insurance Products - Personal

Topic 4: Insurance Products - General

Topic 5: Insurance Products - Compulsory

Topic 6: Insurance Contracts and Claims

Topic 7: Estate Planning: An Introduction

Topic 8: Wills

Topic 9: Power of Attorney

Topic 10: Trusts and Asset Protection

Topic 11: Estate Administration and Management

Topic 12: Other Estate Planning Issues

 

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1Demonstrate an understanding of insurance and risk management principles.Knowledge of a discipline
2Demonstrate an understanding of the estate planning process (including wills, power of attorney and binding health directives, trusts and asset protection, superannuation and death benefits, and estate administration and management).Knowledge of a discipline
3Identify and explain the legal, regulatory and taxation implications of insurance, risk management and estate planning.Ethical practiceKnowledge of a discipline
4Identify types of business structures and critique the functions of business succession planning.Knowledge of a discipline
5Evaluate advantages and disadvantages of insurance, risk management and estate planning strategies.Intellectual rigourEthical practiceKnowledge of a discipline
6Determine and assess client(s) insurance, risk management and estate planning objectives.Intellectual rigourEthical practiceKnowledge of a discipline
7Develop strategies and provide advisory recommendations on insurance, risk management and estate planning.Intellectual rigourEthical practiceKnowledge of a discipline

On completion of this unit, students should be able to:

  1. Demonstrate an understanding of insurance and risk management principles.
    • GA4: Knowledge of a discipline
  2. Demonstrate an understanding of the estate planning process (including wills, power of attorney and binding health directives, trusts and asset protection, superannuation and death benefits, and estate administration and management).
    • GA4: Knowledge of a discipline
  3. Identify and explain the legal, regulatory and taxation implications of insurance, risk management and estate planning.
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  4. Identify types of business structures and critique the functions of business succession planning.
    • GA4: Knowledge of a discipline
  5. Evaluate advantages and disadvantages of insurance, risk management and estate planning strategies.
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  6. Determine and assess client(s) insurance, risk management and estate planning objectives.
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
  7. Develop strategies and provide advisory recommendations on insurance, risk management and estate planning.
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2021 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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