Bridge the Gap with our FinTech Micro Credentials. Learn more

Bridge the Gap with our FinTech Micro Credentials. Learn more

x
chinese australia

Apply to IMC Courses Now

For our next intake!

Register your interest3

TPLA605 Insurance and Estate Planning

TPLA605 Insurance and Estate Planning
Campus: South Eveleigh, NSW 2015
Units of Credit: 6
Prerequisite or Corequisite: No prerequisite or corequisite for this unit.
EFTSL*: 0.125
Indicative Contact Hours per Week: 3
Tuition Fee See Tuition Fee Schedule
Application Date: See Key Dates
Unit Overview:

This unit focuses on client advising in two specific areas: (i) insurance and risk management, and (ii) estate planning.

Insurance is examined within the context of personal, business, property, health and liability risk management. Students will learn about the risk management process and the regulatory and legal framework in which insurance operates, including the formation of Australian insurance contracts. The unit covers different types of risk management products including traditional insurances, life insurance, total and permanent disablement, trauma, income protection and health and property insurances. Students will critically evaluate various risk management products for a client scenario and develop a personalised risk management strategy to address clients’ needs and circumstances.

In the estate planning component of this unit, students will acquire a working knowledge of the legalities concerning wills, probate, testamentary trusts, testamentary capacity, powers of attorney, guardianships and the separation of estate from non-estate assets. In addition, there is consideration of asset protection, estate administration and estate management. Family relationships are usually a key determinant of clients’ estate expectations, and in this unit students will consider issues arising from marriage, divorce, blended families and same-sex couples.

*EFTSL = Equivalent full-time study load