We are not taking new students for the current version of the Certificate IV in Life Insurance (FNS41515) due to the development of the Life Insurance Professional Standards Framework. The updated qualification will be available from late October 2021. Continuing students who are part way through can enrol by contacting Customer Service at [email protected] or phone 03 9613 7200.
Skills Unit
LI505-15
Life Insurance Underwriting
Details the principles and practices of life insurance underwriting. Beginning with the basics of life risk and life insurance proposals, the module proceeds to cover approaches to risk acceptance, risk rating systems, financial and medical underwriting, and the role of reinsurance.
20 CIP Points
Life Insurance Underwriting
AUD $895
Life and Retirement Income
12 weeks
What you'll learn
- identify medical and non-medical risks
- identify the underwriting significance
- determine risk acceptance criteria
- prepare life insurance policy
- interpret insurance-based information containing medical terminology
- communicate using medical terminology.
Competencies
- FNSILF502 Underwrite complex medical risks
- FNSILF503 Underwrite complex non-medical risks
- FNSISV407 Use medical terminology in an insurance context
Online Assignment
- Pass Grade: students must be assessed as competent in all assignment questions
Online Exam
- Pass Grade: 50%
- Duration: 120min