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Course overview
STUDY MODE
100% online
NUMBER OF SUBJECTS
1
NEXT INTAKE
Enrol and start anytime.
COURSE FEE
$900.00
AVAILABLE LOANS
Loans are not available for this course.
AQF LEVEL
N/A
COURSE DURATION
12 weeks
ACCREDITATION
PROVIDER ID
N/A
Subject Information
Learning Outcomes
Upon successful completion of this subject, students should be able to:
- Understand legislation and regulations and apply policies, procedures, standards and codes of practice relevant to own job role
- Develop knowledge of, and implement and evaluate ethical practices related to own job role
- Identify life insurance products and services, their compliance implications, and determine who they are suitable for
- Identify factors that impact sustainability of the life insurance industry
- Apply sustainable practices in own job role
- Maintain own knowledge to work professionally, ethically and sustainably in life insurance
Units of Competency
The four (4) units of competency are awarded for the successful completion of the FNSSS00018 Life Insurance Fundamentals Skill Set: 4 core and 0 electives.
For information on the units of competency, please see the subject outline in the Course Overview tab.
Topics covered
- Topic 1: Working professionally and ethically in financial services and the life insurance industry
- Topic 2: Life insurance products and services
- Topic 3: Working effectively and sustainably in the life insurance industry
Upon successful completion of this subject, students should be able to:
- Understand legislation and regulations and apply policies, procedures, standards and codes of practice relevant to own job role
- Develop knowledge of, and implement and evaluate ethical practices related to own job role
- Identify life insurance products and services, their compliance implications, and determine who they are suitable for
- Identify factors that impact sustainability of the life insurance industry
- Apply sustainable practices in own job role
- Maintain own knowledge to work professionally, ethically and sustainably in life insurance
The four (4) units of competency are awarded for the successful completion of the FNSSS00018 Life Insurance Fundamentals Skill Set: 4 core and 0 electives.
For information on the units of competency, please see the subject outline in the Course Overview tab.
- Topic 1: Working professionally and ethically in financial services and the life insurance industry
- Topic 2: Life insurance products and services
- Topic 3: Working effectively and sustainably in the life insurance industry
Assessment
The assessment tasks for this subject are listed below.
Units of competency are co-assessed by topic within the subject as listed in ‘Units of Competency’
| Assessment | Assessment Detail |
|---|---|
| 1 Exam | Supervised, open book multiple choice examination, four (4) attempts. |
| 1 Written and Oral Assignment | Written and oral assignment - two (2) attempts The mode of oral assessment is by audio recording. As part of the subject requirements students will need to organise a volunteer to assist with their role plays. |
Individuals may attempt the exam and/or submit their written and oral assignment at any time if they believe they are adequately prepared.
Individuals must be deemed to be demonstrated in all assessment items, including in all of the exam questions, in order to be awarded their statement of attainment.
Individuals who complete the subject will receive a statement of attainment.
To learn more about what to expect when completing an oral assignment using audio please click here.
Exam Venue
You can sit your exam while being supervised in your workplace or with online supervision via Zoom at a suitable location.
Click here for more information about Kaplan Professional exams.
Duration
Individuals have a total of:
- 12 weeks to complete the learning and assessment requirements for FNSSS00018 Life Insurance Fundamentals Skill Set from their initial activation date
- An additional four (4) weeks resubmission time – if an individual reaches the end of their initial enrolment period and has been deemed not yet demonstrated in one or more assessment items, then an additional 4 weeks will be granted, provided the individual attempted all assessment tasks during the initial enrolment period.
- Therefore, if an individual completes the learning and assessment, and the resubmission is granted, the duration will be 16 weeks.
The subject breakdown is below:
| Subject | Duration |
|---|---|
| FNSSS00018 Life Insurance Fundamentals Skill Set | 12 weeks course work 4 weeks resubmission time as outlined above |
The amount of training for this subject may be up to 15 hours per week. The amount of training is the hours an individual can expect to spend engaged in structured learning or tutor-led activities.
The assessment hours for this course may be up to 8 hours per week. These are the hours an individual can expect engaging in assessment activities.
In addition to the amount of training and assessment hours, individuals who are new to industry or vocational training could need up to 6 hours per week known as unsupervised hours. These additional hours are for study skills or further research. For example, an individual not working in industry would need more time to review industry websites that are usually introduced in workplace compliance training.
Individuals working in industry may be able to complete the course requirements in a shorter timeframe or less hours per week.
Additional study-related fees apply to formal extensions and re-enrolments. Please refer to the Vocational Education Fees schedule found here.
Please also refer to our Vocational Education and Training (VET) Enrolment Terms and Conditions here or our Student Handbook here for important information on:
- Subject activation and completion timeframes
- Extensions
- Subject re-enrolment
Entry Requirements
Education requirements
There are no entry requirements for this course. However, it is recommended that individuals have completed Generic Knowledge in financial planning and have a broad understanding of financial planning fundamentals.
You should confirm your eligibility with your employer or licensee to provide foreign exchange advice to retail clients.
Individuals are required to be aged 18 years or older to enrol in this course.
Language, Literacy and Numeracy (LLN) requirements
This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.
If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.
Computing requirements
In order to complete your studies with Kaplan Professional, you’re assumed to have the following skills and access relating to technology.
Audio recording app
Individuals will need to use a free or paid audio-recording app on their phone, tablet or computer to record and submit their oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in the device manual or on the device manufacturer’s website. Below are help links for some popular devices.
Skill requirements
To successfully complete this course, individuals will require basic computing skills. This may include:
- saving and editing Microsoft Office documents
- researching, accessing and searching the internet
- downloading and saving documents from websites
- uploading documents through websites
- making an audio recording using a smartphone, tablet or computer
- participating in online discussions
There are no entry requirements for this course. However, it is recommended that individuals have completed Generic Knowledge in financial planning and have a broad understanding of financial planning fundamentals.
You should confirm your eligibility with your employer or licensee to provide foreign exchange advice to retail clients.
Individuals are required to be aged 18 years or older to enrol in this course.
This course requires you to read comprehensive learner workbooks, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions. Furthermore, the delivery mode relies on the extensive use of written communication.
If you have any doubts about whether you have the language, literacy and numeracy skills to undertake a Kaplan Professional program, we recommend you speak with our Student Services team on 1300 662 203 or email mail@kaplan.edu.au.
In order to complete your studies with Kaplan Professional, you’re assumed to have the following skills and access relating to technology.
Audio recording app
Individuals will need to use a free or paid audio-recording app on their phone, tablet or computer to record and submit their oral assignment. Most devices come with a free built-in audio/voice-recording app. More information should be available in the device manual or on the device manufacturer’s website. Below are help links for some popular devices.
To successfully complete this course, individuals will require basic computing skills. This may include:
- saving and editing Microsoft Office documents
- researching, accessing and searching the internet
- downloading and saving documents from websites
- uploading documents through websites
- making an audio recording using a smartphone, tablet or computer
- participating in online discussions
Enrolment Information
You may enrol into this subject at any time and begin studying immediately on enrolment.
Enrol nowThis subject is delivered online via Kaplan Professional’s learning management system.
You will receive login details to KapLearn on enrolment. When you log on to KapLearn you are able to access the subject notes, assessments, additional learning materials such as media, case studies, practice activities and your online tutor. Assessments are accessed and submitted through KapLearn.
Corporate clients should contact our Corporate Solutions Representatives at corporate@kaplan.edu.au to discuss delivery options and how we can further tailor our training to meet your business needs.
Individuals may be able to obtain Recognition of Prior Learning (RPL) for a Kaplan Professional award subject based on their previous study and/or work experience. To do this, individuals must submit evidence that demonstrates they have already met the requirements of the subject through these other means.
Evidence can take many forms, such as information about approved study, information about work experience, certificates, transcripts or other credentials.
To find out if you are eligible for RPL, refer to our exemption page.
If you wish to apply for CPD points so that your Kaplan insurance course counts towards your membership with the relevant industry body, you will need to supply the industry body with a copy of your transcript listing the units of competency.
Policies
Student policies
Individuals who enrol in a Kaplan Professional course are bound by our published policies, including the policy that sets out our rules for assessment. Individuals can review these policies here. The policies also assist individuals when their study program does not go as planned and they need extra support.
Terms and Conditions
Click here to access our terms and conditions.
Refund policy
Access our refund policy.
Fees
Enrol directly into the subject for $900 (GST free)
For additional study-related fees, please click here.
