Not currently available in 2020
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.
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
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.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||Demonstrate an understanding of insurance and risk management principles.||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).||Knowledge of a discipline|
|3||Identify and explain the legal, regulatory and taxation implications of insurance, risk management and estate planning.||Ethical practice||Knowledge of a discipline|
|4||Identify types of business structures and critique the functions of business succession planning.||Knowledge of a discipline|
|5||Evaluate advantages and disadvantages of insurance, risk management and estate planning strategies.||Intellectual rigour||Ethical practice||Knowledge of a discipline|
|6||Determine and assess client(s) insurance, risk management and estate planning objectives.||Intellectual rigour||Ethical practice||Knowledge of a discipline|
|7||Develop strategies and provide advisory recommendations on insurance, risk management and estate planning.||Intellectual rigour||Ethical practice||Knowledge of a discipline|
Teaching and assessment
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2020 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.