FINC19019 - Insurance Planning

General Information

Unit Synopsis

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.

Details

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the 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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2025

Term 2 - 2025 Profile
Online
Term 2 - 2026 Profile
Online

Attendance Requirements

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).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Practical Assessment 50%
2. Take Home Exam 50%

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

Past Exams

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Previous Feedback

Term 2 - 2025 : The overall satisfaction for students in the last offering of this course was 63.64% (`Agree` and `Strongly Agree` responses), based on a 27.5% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: Feedback given by the Student in the form of MyExperience responses.
Feedback
On the 22 July 2024 a student scored their satisfaction an 8 and on the 19 September 2024 another student scored their satisfaction a 9.
Recommendation
Continue to update the content and assessment tasks to keep the level of satisfaction high.
Action Taken
Implemented updates to content and assessment tasks to keep up to date with practices in the private sector.
Source: Self-reflection
Feedback
Usefulness of learning materials needs improving
Recommendation
Prescribed an updated Insurance Planning textbook for 2025.
Action Taken
Updated the prescribed textbook.
Source: Recommendations by CQU Learning Design & innovation team, discussions with Discipline colleagues from the Economics, Finance, Property Disciplines
Feedback
Low content engagement, especially pre-recorded content video recordings because they are considered too long by students
Recommendation
"Chunking" video recordings by topic instead of one long pre-recorded content video
Action Taken
Successfully implemented new chunked pre-recorded lectures.
Source: SUTE
Feedback
Frequent email notifications regarding changes to weekly content created uncertainty and frustration. Students who had worked ahead felt disadvantaged when previously completed material was updated or altered, making it difficult to plan and maintain progress.
Recommendation
Establish a clear and stable content schedule at the start of term and minimize mid-term changes. If adjustments are unavoidable, consolidate updates into a single weekly communication and clearly indicate whether changes affect previously completed work.
Action Taken
In Progress
Source: SUTE
Feedback
Some students expressed appreciation for the lecturer’s dedication and support, noting that she exceeded expectations compared to other units.
Recommendation
Recognize and leverage this strength by continuing to provide personalized support into the unit design.
Action Taken
In Progress
Source: SUTE
Feedback
While the intention to provide comprehensive content for all learning styles and detailed guidance is appreciated, the volume of material resulted in content overload. Several students felt overwhelmed by the amount of information, even though it came from a good place.
Recommendation
Streamline unit content by prioritizing essential materials and clearly labeling optional resources to reduce cognitive overload while maintaining flexibility for diverse learning styles.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain the principles and legal framework of the Australian insurance industry
  2. Analyse insurance needs of clients to solve risk management problems
  3. Research and select appropriate insurance products
  4. Construct strategic insurance and risk management plan.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Practical Assessment • • • •
2 - Take Home Exam • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Communication • • • •
2 - Problem Solving • • • •
3 - Critical Thinking • • • •
4 - Information Literacy • • • •
5 - Team Work • •
6 - Information Technology Competence • • • •
7 - Cross Cultural Competence •
8 - Ethical practice • • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10
1 - Practical Assessment • • • • • • • •
2 - Take Home Exam • • • • • • •