Overview
This course describes the skills and knowledge required to apply complex risk assessments to the underwriting of a life insurance application.
The course applies to individuals who use specialised knowledge to assess risk and make decisions, within the level of delegated authority in the life insurance industry.
Download BrochureLearning Outcomes
On completion of this course, you should be able to:-
- Identify non-routine, complex aspects of a life insurance risk
- Review and interpret risk information
- Complete and document a risk assessment in accordance with
- Organisational processes and procedures
- Explore the underwriter’s scope of authority
- Determine the appropriate approach to take regarding the risk and
- Establish terms, conditions and premium of contract.
In the course of this learning, you will need to refer to a number of resources. You can access these documents as you go through the course.
Course Outline
- 1.1: Learning Objectives
- 1.2: Learning Aids Contained in this Course
- 2.1: The role of the underwriter
- 2.2: Summary
- 2.3: The Life Insurance Code of Practice
- 2.4: Industry regulators for life insurance
- 2.5: Legal and regulatory considerations
- 2.6: Components of life insurance contracts
- 3.1: Case study: Helen’s premiums
- 3.2: Understanding medical terminology
- 3.3: Resources for understanding medical conditions
- 3.4: Summary
- 4.1: Review and interpret complex risk
- 4.2: Life risk factors
- 4.3: Summary
- 5.1: Non-standard rates
- 5.2: Non-standard exclusions and policy conditions
- 5.3: Assessing specific medical risk
- 5.4: Post-acceptance administration
- 5.5: Summary
Price: US$185
Course Features
- Modules 5
- Duration 5 Weeks
- Content Type Text & media
- Assessment Yes
- Pass Percentage 70%
- Certificate Yes
