Courses & Units

Insurance and Personal Risk BFA509


The 2020 unit offering details for the Graduate Diploma of Financial Planning are currently being confirmed. In the meantime, please contact with any queries regarding this course.


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 unit 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.


Unit name Insurance and Personal Risk
Unit code BFA509
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting and Corporate Governance

Roger Colbeck

Level Postgraduate
Available as student elective? No
Breadth Unit? No


This unit is currently unavailable.


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* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.

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Learning Outcomes

LO1Prepare and present appropriate personal risk insurance services, advice and products to clients.
LO2Explain the use of insurance as a risk management tool.
LO3Describe and evaluate the application of Insurance law and contracts.
LO4Apply life insurance and estate planning strategies in financial planning scenarios.



Band Field of Education
3 080101

Fees for next year will be published in October. The fees above only apply for the year shown.

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Internal Assessments (50%); Examination (50%).

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Details of any required textbooks will be available in the Unit Outline.

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