Personal Financial Risk and Estate Planning

FIN30022 12.5 Credit Points Hawthorn, Online, Sarawak Available to incoming Study Abroad and Exchange students

Duration

  • One Semester or equivalent
     
     
     

Contact hours

  • 24 hours face to face + blended + Swinburne Online

On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.

2023 teaching periods

Hawthorn

Higher Ed. Semester 2

Dates:
31 Jul 23 - 29 Oct 23

Results:
5 Dec 23

Last self enrolment:
13 Aug 23

Census:
31 Aug 23

Last withdraw without fail:
15 Sep 23
More teaching periods
Swinburne Online

Teaching Period 2

Dates:
10 Jul 23 - 8 Oct 23

Results:
31 Oct 23

Last self enrolment:
23 Jul 23

Census:
4 Aug 23

Last withdraw without fail:
25 Aug 23

Prerequisites

Anti-requisite (Similar Content)
FIN30018 Management of Personal Financial Risk

Aims and objectives

This unit aims to provide students with an understanding of issues related to personal financial risk, insurance, and estate planning. Students will learn about risk management strategies that relate to providing personal risk advice and estate planning. Government regulations and policies applicable to the insurance industry, estate, and succession planning are examined and their applications for strategic advice and clients' needs will be discussed. Upon completion of the unit, students will have developed an understanding of the Australian insurance industry and the structures of insurance policies, estate plans, wills, and powers of attorney.

Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
 
1. Evaluate the nature of risk, benefits of insurance, and principles of risk management and estate planning
2. Apply personal financial planning concepts to determine insurance and estate planning needs in the advice process and calculate tax estimates of insurance products
3. Evaluate and calculate the appropriate levels of insurance cover and communicate risk management strategies to clients in the form of a compliant Statement of Advice
4. Demonstrate an understanding of the estate planning process and evaluate the role of powers of attorney, trusts, and wills
5. Work effectively in teams