Course overview

Are you looking at commencing work in the life insurance industry? Or have you been working in the industry for some time and need to meet the industry-wide professional standard framework?

Kaplan Professionals online FNSSS00018 Life Insurance Fundamentals Skill Set subject provides the skill set to satisfy the Professional Standards Framework ‘foundation requirement’.

The subject covers the skills and knowledge required to work effectively in the life insurance context in line with professional and ethical practices. It includes legislation and regulations, ethics, sustainability and life insurance products and services.

Students are supported by live fortnightly tutor sessions throughout their learning experience. Each session provides an opportunity to engage with a tutor/subject matter expert in real-time. Students can use these one-hour sessions to drop in and ask questions on the subject content and assessments.

Summary video recordings are provided for each topic. These short videos provide a guide for students on key concepts and focus points each topic.

Please refer to the subject outline for more information.

Subject information

Learning outcomes

Upon successful completion of this subject, students should be able to:

• Understand legislation and regulations and apply policies, procedures, standards and codes of practice relevant to own job role
• Develop knowledge of, and implement and evaluate ethical practices related to own job role
• Identify life insurance products and services, their compliance implications, and determine who they are suitable for
• Identify factors that impact sustainability of the life insurance industry
• Apply sustainable practices in own job role
• Maintain own knowledge to work professionally, ethically and sustainably in life insurance

Fees

Enrol directly into the subject for $900 (GST exempt)

For additional study-related fees, please click here.

Duration

Individuals have a total of:

• 12 weeks to complete the learning and assessment requirements for FNSSS00018 Life Insurance Fundamentals Skill Set from their initial activation date
• An additional four (4) weeks resubmission time – if an individual reaches the end of their initial enrolment period and has been deemed not yet demonstrated in one or more assessment items, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.
• Therefore, if an individual completes the learning and assessment, and the resubmission is granted, the duration will be 16 weeks.

The subject breakdown is below:

The amount of training for this subject may be up to 15 hours per week. The amount of training is the hours an individual can expect to spend engaged in structured learning or tutor-led activities.

The assessment hours for this course may be up to 8 hours per week. These are the hours an individual can expect engaging in assessment activities.

In addition to the amount of training and assessment hours, individuals who are new to industry or vocational training could need up to 6 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.

Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.

Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.

Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:

• Subject activation and completion timeframes
• Extensions
• Subject re-enrolment

Entry requirements

Education Requirements

This qualification has no entry requirements.

Individuals are required to be aged 18 years or older to enrol in this subject

Individuals who are in Australia on a student visa are unable to enrol in this course. If you are in Australia on a visa and wish to enrol, you need to check that you are enrolling in accordance with the study conditions of your visa.

Audio recording app

Individuals will need to use a free or paid audio-recording app on their phone, tablet or computer to record and submit their oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in the device manual or on the device manufacturer’s website. Below are help links for some popular devices.

• Apple iOS
• Apple (mac OS)
• Samsung (Android)
• HTC (Android)
• Windows 10

Skill requirements

To successfully complete this course, individuals will require basic computing skills. This may include:

• saving and editing Microsoft Office documents
• researching, accessing and searching the internet
• downloading and saving documents from websites
• uploading documents through websites
• making an audio recording using a smartphone, tablet or computer
• participating in online discussions

Enrolment information

Enrolment

You may enrol into this subject at any time and begin studying immediately on enrolment.

Delivery

This subject is delivered online via Kaplan Professional’s learning management system.

You will receive login details to KapLearn on enrolment. When you log on to KapLearn you are able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor. Assessments are accessed and submitted through KapLearn.

Corporate clients should contact our Corporate Solutions Representative on 1300 728 505 to discuss face-to-face delivery options and how we can tailor our training to your business needs.

Recognition of Prior Learning (RPL)

Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan Professional award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.

Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.

To find out if you are eligible for RPL, refer to our exemption page.

Assessment

The assessment tasks for this subject are listed below.

Units of competency are co-assessed by topic within the subject as listed in ‘Units of Competency’

Individuals may attempt the exam and/or submit their written and oral assignment at any time if they believe they are adequately prepared.

Individuals must be deemed to be demonstrated in all assessment items, including in all of the exam questions, in order to be awarded their statement of attainment.

Individuals who complete the subject will receive a statement of attainment.

To learn more about what to expect when completing an oral assignment using audio please click here.

Exam Venue

You can sit your exam while being supervised in your workplace or with online supervision via Zoom at a suitable location.

Click here for more information about Kaplan Professional exams.

Policies

Student policies

Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.

Terms and Conditions

Click here to access our terms and conditions.

Refund Policy

Access our refund policy

Industry recognition

If you wish to apply for CPD points so that your Kaplan insurance course counts towards your membership with the relevant industry body, you will need to supply the industry body with a copy of your transcript listing the units of competency.