FPC004 Insurance Advice - Assignment 2

Section B

Question 3 (15 marks | Word limit: 700 words)

This question is a research exercise. Obtain a product disclosure statement (PDS) or information pack from a supplier of life insurance. The PDS or information pack should include a range of product options, including life insurance, TPD and trauma insurance. Provide the name and version of the PDS obtained.

Use these documents and additional research to answer the following:

(i) Describe the circumstance in which a claim can be made for trauma. Under what circumstances would a benefit not be paid for trauma? (5 marks)

(ii) Describe the various policy structures available for trauma insurance. (5 marks)

(iii) Outline the policy benefits available in the trauma policy and circumstances that they can be paid in. Distinguish between full and partial benefits as well as other additional benefits of note. (5 marks)