Finance

R05 Financial protection

Level: 3
Qualification: CII R05 Financial protection
Course Length: 3 Months

The R05 Financial protection unit is the fifth unit required on your journey to achieving the DipPFS (Diploma in Regulated Financial Planning).

The objective of this unit is to develop knowledge and understanding of and the ability to analyse financial protection planning issues.

 

The R05 financial protection unit covers:

  • Understand the consumer and retail market factors and trends relevant to financial protection
  • Understand the areas of need for protection planning and the main sources of financial protection
  • Understand the role and limitations of State Benefits and state/local authority funded solutions for financial protection.
  • Understand the range, structure and application of life assurance and pension based policies to meet financial protection needs.
  • Understand the taxation treatment of life assurance and pension based protection policies.
  • Understand the range, structure and application of income protection insurance and options to meet financial protection needs.
  • Understand the range, structure and application of critical illness insurance to meet financial protection needs.
  • Understand the range, structure and application of long term care insurance to meet financial protection needs.
  • Understand the main features of other insurance based protection policies.
  • Evaluate the needs and priorities for financial protection and the relevant factors in selecting appropriate solutions.

 

This study support package includes as standard:

  • CII books and exams
  • CII revision mate
  • Revision notes
  • Mock exam questions
  • Online support from subject experts
  • Online revision sessions

The R03 unit provides a detailed overview of the key features, frameworks, benefits and risks of financial protection products. This unit contains the following:

Qualification Contents Level Credits
R05 Financial protection
  • The purpose and scope of financial protection products and how they interact with State benefits;
  • The main features and functions of the different types of contract and how they are arranged in order to meet the individual client’s protection needs;
  • The main protection needs of businesses
3 10

 

This content is covered over 10 chapters / topics:

  1. Understand the consumer and retail market factors and trends relevant to financial protection
  2. Understand the areas of need for protection planning and the main sources of financial protection
  3. Understand the role and limitations of State Benefits and state/local authority funded solutions for financial protection.
  4. Understand the range, structure and application of life assurance and pension based policies to meet financial protection needs.
  5. Understand the taxation treatment of life assurance and pension based protection policies.
  6. Understand the range, structure and application of income protection insurance and options to meet financial protection needs.
  7. Understand the range, structure and application of critical illness insurance to meet financial protection needs.
  8. Understand the range, structure and application of long term care insurance to meet financial protection needs.
  9. Understand the main features of other insurance based protection policies.
  10. Evaluate the needs and priorities for financial protection and the relevant factors in selecting appropriate solutions.

Our R05 Financial protection support package is delivered online via our virtual learning environment. Each chapter of the book is accompanied by study notes, and mock exam questions designed to test and embed your knowledge. At regular intervals throughout the course you should attend online revision sessions to help cover more technical content.

Throughout the course you will have access to a subject expert to answer any questions you may have along the way. Before sitting any exams a full mock exam is provided which you can retake as many time as required before sitting the real thing.

It is possible to complete the R05 unit within 3 months, allowing 4-6 hours of independent study per week. All courses are flexible to allow you to complete at a pace that is appropriate to you. It is not our recommendation to study for two exams simultaneously.

Please note that CII materials and exams are updated each September, and you may be required to purchase the study update packs for exams you are currently studying for. Your subject expert will advise you of this should it apply.

You must be a paid member of the CII to purchase this course, as we will require your PIN number as part of the enrolment process. If you are not a member you can join here: http://www.cii.co.uk/membership/join/

There are no formal entry requirements for this study package, but you will require adept and developed literacy and numeracy skills.

Working within a financial services environment is desirable and advantageous, although not essential.

For an informal discussion about this course, please use the enquiry form below:

Thank you for your enquiry, we will endevour to get back to you as soon as we can.
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