MAA319 - Estate Planning and Insurance
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Trimester 1: Online Trimester 2: Burwood (Melbourne), Waterfront (Geelong), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Previously coded as: | MAF316 |
| Unit Chair: | Trimester 1: Peter Ngigi Trimester 2: Peter Ngigi |
| Prerequisite: | MAA255 |
| Corequisite: | Nil |
| Incompatible with: | MAF316 |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 3 hour on-campus seminar (recordings provided) each week |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | 1 x 1.5 hour recorded lecture and 1 x 1.5 hour online seminar (recordings provided) each week |
Content
This unit introduces students to the role of the professional financial adviser in the areas of estate planning and risk management and insurance. The unit covers a number of important topics within estate planning including Wills, powers of attorney, intestacy, estate and non-estate assets, trusts (including testamentary trusts), distribution of estate assets and the tax implications of the deceased estates. Within the area of risk management and insurance, topics include an introduction to risk management and insurance; the role and regulation of the insurance industry in Australia, insurance contracts, types of personal insurance policies and the taxation of these products.
The unit seeks to provide an introduction to the key concepts of estate planning and personal risk insurance and then examines the application of these concepts to the provision of strategic advice and practical strategies to clients.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Explain the key features of estate planning, personal risk insurance and risk management and the regulatory contexts in which they operate. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Analyse client needs in relation to estate planning and insurance. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Identify taxation issues associated with personal insurance and estate planning and develop and critique a range of possible strategies to mitigate the problems identified. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Analyse, construct and present estate planning and insurance solutions incorporating use of technology to satisfy client needs. | GLO1: Discipline-specific knowledge and capabilities |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) (Online) Multiple Choice Quiz Questions will consist of both single-issue questions as well multi-issue questions that feed off mini case studies | 60 minutes | 20% | Week 5 |
| Assessment 2: (Group of 3) Case Study (Report) | 4000 words | 40% | Week 9 |
| Assessment 3: (Individual) Report (client) | 3000 words | 40% | Week 11 |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MAA319 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
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