Insurance and Estate Planning

Unit code: BEO2013 | Study level: Undergraduate
(Generally, 1 credit = 10 hours of classes and independent study.)
City Campus


Learn how to manage financial risk through Insurance and Estate Planning to help ensure clients and their loved ones are appropriately cared for financially upon their passing.

Insurance and Estate Planning is used to:

  • efficiently set up structures to pass on assets after death
  • minimise taxes
  • protect wealth.

In this unit, you will explore the concept of risk, uncertainty, and risk management in a multi-faceted way. You will explore asset protection through insurance to ensure assets and income are protected in a cist effective and efficient way. You will examine Estate Planning and the legal structures available to safely and efficiently pass assets to beneficiaries upon death. You will learn how to create a valid will, as well as how to make use of various trusts and implement Powers of Attorney.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Validate the nature of insurance as a risk management device and argue the need for insurance by individuals and corporations;
  2. Deliberate the need for regulating the insurance industry including aspects of the regulatory environment and critique the role of representatives (Agents and brokers) and some of the taxation issues raised through the regulatory system;
  3. Critically review and assess general insurance and life insurance products available in the market;
  4. Evaluate and apply a range of Estate Planning tools to most efficiently suit unique individuals; and,
  5. Construct an Estate Plan which minimises tax and best benefits beneficiaries of a deceased client.


For Melbourne campuses

Assessment type: Case Study
Grade: 10%
Risk Management Problem
Assessment type: Case Study
Grade: 25%
Insurance Case Study (Group)
Assessment type: Case Study
Grade: 25%
Estate Plan
Assessment type: Test
Grade: 40%
Final Test

Required reading

Insurance and Risk Management
Teale, J (2016) | Milton: Queensland

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

Search for units, majors & minors