NZ Level 5 Life, Disability and Health Insurance case studies
NZ Level 5 Life, Disability and Health Insurance · Put your knowledge to work in context.
The New Zealand Certificate in Financial Services (Level 5) with the Life, Disability and Health Insurance strand is the qualification advisers typically hold to give regulated financial advice in this sector. It suits people moving into advice from claims, underwriting, contact centres or banking, as well as experienced advisers formalising their competence. Study builds a working knowledge of the regulatory and ethical framework, life and health product structures, disability and income protection design, needs analysis and fact-finding, product comparison and suitability, underwriting and disclosure, and claims service. The strand assumes practical judgement, so expect scenario questions that ask what you would recommend and why, not just definitions. The NZ Level 5 Life, Disability and Health Insurance case studies are 5 cases and about 2,872 words.
1Replacing a nine-year trauma policy for commission
Mere, 52, is a self-employed graphic designer in Hamilton with a nine-year-old level-premium trauma policy: 180,000 sum insured, premium waiver, and a 160 per fortnight premium. She has a 2019 history of melanoma in situ, treated by excision and annual dermatology checks.
600 words, about 3 min2Joint life cover, a blended family and a bakery guarantee
Grant, 45, and Wei, 43, have been married for eight years. Grant owns 45% of a Christchurch bakery with his business partner, Tom.
576 words, about 3 min3Income protection for a builder with a back history
Hemi, 38, is a self-employed builder in Tauranga. His taxable income last year was 95,000, but it varies between 70,000 and 120,000.
571 words, about 3 min4Family health cover and a request to leave out eczema
The Patel family - Anita, 41, Raj, 44, and children Aarav, 7, and Maya, 3 - live in Auckland. Raj earns 120,000; Anita works part-time at 35,000.
557 words, about 3 min5A death claim, non-disclosure and a grieving beneficiary
Daniel, 44, died 18 months after taking out a $500,000 level-term life policy. His de facto partner, Lisa, is the nominated beneficiary.
568 words, about 3 min