This is a group assessment. Groups can comprise 1, 2 or 3 members. No more than 3 members per group are permitted.

The teaching approach of this unit is experiential simulated work-integrated learning using case studies.

Experiential Learning Theory was developed by David Kolb where students learn through experience, reflection, conceptualization, and experimentation.

This theory emphasizes learning through experience, reflecting on those experiences, so the student can apply a simulation of the real world and what is learned to their future role as financial adviser.

Using a client case study the student is expected to complete a partially completed financial plan focused on personal life insurance strategies and product recommendations for a couple.

This assessment allows the student to engage with a real-world detailed case study, and help the client achieve their wealth protection goals using term life, total permanent disability, trauma and income protection strategies and real-world products. Not only do the student learn new knowledge but learn to apply the newly acquired knowledge to the case study.

Combining the case study with a simulated work-integrated approach gives students hands-on experience of what it is like to work in a professional practical setting, dealing with a simulated real-world task of completing a financial plan through experimenting with strategies and solutions based on their learning.

Important detailed information for your assessment is on the Moodle site in the <Assessments> tile.

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].
• Scoped Insurance 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:

1. Read the instructions document provided for this case study assessment.
2. Identify the client's insurance goals, objectives, needs and financial situation by reviewing the background information and completed Fact Find document.
3. Prepare a written financial plan document from the information provided in the completed Fact Find using the Microsoft-Word template provided.
4. You will have access to financial planning software Midwinter (recommended), Microsoft-Excel and/or related software [which we will make available to you via Moodle] to complete the assessment. 

Learning how to use new software [for instance, Midwinter if you choose to use it] may need sometime and practice.

Your lecturer and peers are available via Moodle Q&A Forums to address any unit content or assessment matter.

Only email your lecturer directly to address any personal concerns or difficulties that cannot be shared on the public forums during the term.

Please start this assessment as soon as possible, because for some of you it will require learning numerous new skills.

This assignment has the reputation for being challenging, yet useful in terms of how it builds wealth protection knowledge as well as provides employable skills.

Find a comprehensive marking criteria sheet (rubrics) in the instructions file of the assessment on Moodle in the <Assessments> tile.

• This is an individual assessment. Group submissions are not permitted.
• Collaboration with other students will result in an academic misconduct allegation for all students involved. This may result in a failure result for this assessment. Please note that your paper will be submitted through Turnitin and related GenAI detection software.
• This is a non-invigilated online open book timed exam of 3 hours, including downloading, uploading, and submission time.
• There is a minimum exam grade of 50% to pass the unit.
• You will be typing your answers in the examination Microsoft-Word template document provided.
• Late submissions will not be marked.
• If you encounter problems submitting your paper to Moodle, email it to your unit coordinator by the due date and time.

Grading as per the Online Take Home timed Exam Advice of three hours to meet the learning outcomes.