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FPC004 Insurance Advice

This subject focuses on the management of personal, property and business risks using appropriate strategies and products. It examines the principles of risk management, the structure and regulation of general and life insurance products, and a range of strategies for addressing risks faced by retail clients and small businesses.

Students will critically evaluate client risk management needs using case studies and scenarios to develop and implement relevant and ethical financial planning advice in this area.

For more information, please refer to the subject outline.

  • Learning outcomes

    • On successful completion of this subject, individuals should be able to:

      1. Critically analyse and evaluate personal, property and small business risks.
      2. Distinguish between the types of life and general insurance products, including related taxation issues
      3. Apply ethical, legal and regulatory practices in a financial planning context.
      4. Develop effective personal and small business risk management strategies incorporating the implementation of relevant insurance solutions.
  • Subject content
    • Topic Title
      Topic 1 Introduction to risk management
      Topic 2 Principles of insurance
      Topic 3 Insurance legislation and regulations
      Topic 4 General insurance
      Topic 5 Income, disability and health safety nets
      Topic 6 Life insurance
      Topic 7 Providing insurance advice
      Topic 8 Policy documentation and claims

  • CPD

    • Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

  • Duration

    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Prerequisites

    • There are no prerequisites for this subject.

      However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge

    • Whilst there are no prerequisites for this subject, Kaplan assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning and FPC002B Ethics and Professionalism in Financial Advice, or understand the content covered in those subjects, prior to undertaking FPC004 Insurance Advice.

  • Course transition subject equivalence

    • Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subject:

      • FIN214 Insurance, Succession and Estate Planning.
  • Reading list

    • There is no prescribed text for this subject.

      Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.