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MAA319 - Estate Planning and Insurance

Year:

2022 unit information

Enrolment modes:Trimester 1: Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:MAF316
Unit Chair:Trimester 1: Brooke Peel
Trimester 2: Adam Steen
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.

Scheduled learning activities - campus:

1 x 3 hour seminar per week 

Scheduled learning activities - cloud:Recorded lectures plus 11 x 1 hour on-line interactive workshops.

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
GLO4: Critical thinking
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
GLO4: Critical thinking
GLO5: Problem solving
ULO4

Analyse, construct and present estate planning and insurance solutions incorporating use of technology to satisfy client needs 

GLO1: Discipline-specific knowledge and capabilities
GLO2: Communication
GLO3: Digital literacy
GLO5: Problem solving

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

Trimester 1:
Assessment Description Student output Grading and weighting
(% total mark for unit)		 Indicative due week
Assessment 1: (Individual) Report (client) 3000 words 30% TBC
Assessment 2: (Group of 3) Report (client) 3000 words 30% Week 9
Assessment 3: (Individual) Report (client) 3000 words 40% Week 11
Trimester 2:
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 6

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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