All details in this unit profile for FINC19019 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student).
The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction
included in the profile.
This unit examines the role of insurance and risk management in client focused financial planning. You will analyse the insurance needs of clients and construct a strategic insurance and risk management plan. You will examine general and life insurance products and their suitability for a client's situation.
Career Level: Undergraduate
Unit Level: Level 2
Credit Points: 6
Student Contribution Band: 10
Fraction of Full-Time Student Load: 0.125
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit,
should drop the subsequent unit before the census date or within 10 working days of Fail grade notification.
Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability.
See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2019
All on-campus students are expected to attend scheduled classes –
in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory.
International students, on a student visa, must maintain a full time study load and meet
both attendance and academic progress requirements in each study period
(satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task,
based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%,
or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must
also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task,
as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the
University’s Grades and Results Policy
for more details of interim results and final grades.
Revision, Exam Preparation and "Have Your Say" Survey
Events and Submissions/Topic
Continue revising Weeks 1 to 5
Revising Weeks 6 to 11
Exam preparation, including referring to Previous Exam Papers
Complete "Have Your Say" Survey
Review/Exam WeekBegin Date:
14 Oct 2019
Events and Submissions/Topic
Exam WeekBegin Date:
21 Oct 2019
Events and Submissions/Topic
Term Specific Information
Refer to the following Modules on Moodle:
"Engagement with Peers and Lecturers" for details of how to engage and ask for clarification on any of the unit content and assessments
"Orientation" to welcome you and provide details on the expectations, prescribed textbook/s and preparation materials before we start the unit
"Statement of Sustainable Development" to identify and understand the sustainable development goals of this unit
"Zoom Schedule and Recording" for a schedule of virtual online live face to face sessions
"Assessments and Exams" to access details of your assessments and exams, together with any supporting assessment documents, podcasts, apps, calculators and tools.
"Industry Engagement" to access additional interesting and helpful webinars, podcasts, blogs and reports sourced from the Financial Services Industry.
1 Practical Assessment
Insurance Statement of Advice
This is an individual assessment.
Important detailed information for your assessment is on the Moodle site in the "Assessments and Exams" Module.
Before you begin the assessment please download and read the:
instructions for completing and submitting your assessment [File 1].
case study background information and completed Fact Find [File 2].
Statement of Advice template [File 3].
Please download all three files relating to this Assessment requirements from Moodle and read these long documents carefully.
Your task is to:
Read the instructions document provided for this case study assessment.
Identify the client's
goals, objectives, needs and financial situation by reviewing the background information and completed
Fact Find document.
Prepare a written Statement of Advice document from the information provided in the completed Fact Find using the template provided.
From the above task, it is clear this is a practical assessment dealing with a real world ﬁnancial planning client/s insurance need.
You will have access to ﬁnancial planning software XPlan (optional), Microsoft-Excel and/or related software [which we will make available to you via Moodle] to complete the assessment.
Please start this assessment as soon as possible, because for some of you it will require learning numerous new skills. Learning how to use new software [for instance, XPlan if you choose to use it] may need sometime and practice.
Your lecturer and peers are available via Moodle Discussion and Q&A forums to address any unit content or assessment matter. Email your lecturer directly to address any personal concerns or diﬃculties that cannot be shared with your peers during the term.
Assessment Due Date
Week 9 Friday (20 Sept 2019) 8:00 pm AEST
Upload only one Microsoft-Word Statement of Advice document file. No additional documents submitted will be graded.
Return Date to Students
Week 10 Friday (27 Sept 2019)
Feedback will be provided in the Statement of Advice document via Moodle.
Find a comprehensive marking criteria sheet in the instructions file of the assessment on Moodle in the "Assessments and Exams" Module.
We award marks for Statement of Advice completion using the Microsoft-Word template provided.
Please submit one Statement of Advice file via Moodle as per the assessment instructions
Learning Outcomes Assessed
Analyse insurance needs of clients to solve risk management problems
Research and select appropriate insurance products
Construct strategic insurance and risk management plan.
Information Technology Competence
Cross Cultural Competence
Complete an invigilated examination
During the examination period at a CQUniversity examination centre
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Academic Integrity Statement
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work.
Assessable work is any type of work you do to meet the assessment requirements in the unit,
including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment,
you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit.
Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification
you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the
Student Academic Integrity Policy and Procedure.
This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid,
the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct.
The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University.
It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere.
Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.