QFA Life Assurance case studies
QFA Life Assurance · Put your knowledge to work in context.
The QFA Certificate in Professional Financial Advice is a professional qualification offered by LIA, an educational and professional association for individuals working in the financial services industry. LIA describes itself as the Centre of Excellence for the Education and Development of Finance Professionals, and its programmes are offered in partnership with Atlantic Technological University Sligo, ranging from Level 7 to Level 9 on the National Framework of Qualifications. The QFA is aimed at people building or consolidating a career in financial advice, and LIA lists it alongside its APA designations and other professional qualifications. According to LIA, the QFA comprises 6 modules, with the next exam listed for January 2027 and registration closing 6 November 2026. The QFA Life Assurance case studies are 5 cases and about 2,758 words.
1The Declined Income Protection Application
Priya, 41, is a self-employed graphic designer earning £62,000 a year. She has no employees and no sick pay.
524 words, about 3 min2The Pension Transfer With a Guaranteed Annuity
Malcolm, 58, has a defined benefit (final salary) pension with a scheme pension age of 65 and a projected pension of £18,000 a year, index-linked in payment. He also has a small personal pension worth £40,000.
566 words, about 3 min3The With-Profits Bond Surrender
Elaine, 67, invested £80,000 in a with-profits investment bond eight years ago. The bond has a current surrender value of £92,000 but a market value reduction (MVR) of 12% would apply if she surrenders now.
521 words, about 3 min4The Commercial Fire Claim and Underinsurance
A small bakery has a buildings sum insured of £400,000 and contents sum insured of £60,000 on a commercial combined policy. A fire destroys the shopfit and stock.
481 words, about 2 min5The Home Reversion and the Means-Tested Care Question
Doris, 79, owns her home outright, worth £340,000. She has savings of £18,000 and a state pension plus a small occupational pension totalling £14,000 a year.
666 words, about 3 min