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 U.Connect@utas.edu.au with any queries regarding this course.
Introduction
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.
Summary
| 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 |
| Coordinator | |
| Level | Postgraduate |
| Available as student elective? | No |
| Breadth Unit? | No |
Availability
This unit is currently unavailable.
Note
Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Special approval is required for enrolment into TNE Program units.
TNE Program units special approval requirements.
* 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.
Learning Outcomes
| LO1 | Prepare and present appropriate personal risk insurance services, advice and products to clients. |
| LO2 | Explain the use of insurance as a risk management tool. |
| LO3 | Describe and evaluate the application of Insurance law and contracts. |
| LO4 | Apply life insurance and estate planning strategies in financial planning scenarios. |
Fees
Domestic
| Band | Field of Education |
|---|---|
| 3 | 080101 |
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
Teaching
| Assessment | Internal Assessments (50%); Examination (50%). |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Details of any required textbooks will be available in the Unit Outline. |
|---|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.