R05 – Financial Protection Download

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This material has been updated and is suitable for exams from September 2020.

Our R05 audio study guide. Around 4 hours of simple and effective exam study material for you to use when commuting, running, at the gym and just about anywhere! Instant download.

Audio sample


R05 Exam – Financial Protection. Size: 13 modules, approximately 4 hours of material Download time: approx 2 minutes over high speed broadband

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R05 Financial Protection

Introduction (2 minutes)

Module 1 (10 minutes)
R05: the exam and preparing for it CII Regulated Diploma exam structure | The R05 exam | multiple-choice questions | exam preparation | seven golden rules for the exam

Module 2 (14 minutes)
Market factors and trends in financial protection planning Impact matrix | consumer attitudes towards financial protection | health and longevity trends | the five trends on design and pricing of protection products | advice and protection products

Module 3 (14 minutes)
Financial protection needs The eight main types of financial protection cover | five main protection needs | why take out life assurance? | the impact of divorce | assets and liabilities | state support and employer benefits

Module 4 (21 minutes)
State benefits Means testing and non-contributory benefits | bringing up children: child benefit and child tax credit | low incomes: income support, support for mortgage interest, jobseekers allowance, and working tax credit | the sick and disabled: statutory sick pay, employment and support allowance, attendance allowance, DLA/PIP and carer’s allowance | older clients: basic State pension, new State pension, pension credit, and bereavement support payment.

Module 5 (35 minutes)
Life assurance Term and whole of life policies | arranging policies | natural and level premiums | underwriting life assurance | Consumer Insurance (Disclosure and Representations) Act 2012 | claims: maturity, death or surrender | suicide and lost policies | life policies written under trust | assignments

Module 6 (18 minutes)
The taxation of protection policies Qualifying versus non-qualifying policies | the taxation of on-shore and off-shore policies | chargeable gains and life policies | inheritance tax and life assurance

Module 7 (20 minutes)
Income protection insurance The features of income protection | homemaker’s cover | definition of incapacity | exclusions | underwriting | claims | taxation | group schemes

Module 8 (11 minutes)
Critical illness cover Different types of policy | ABI definitions | claims and underwriting | the use of trusts

Module 9 (29 minutes)
Long term care insurance What is long term care? | state funding of care | residential and domiciliary care | immediate needs annuities | pre-funded insurance | pre-funded investment schemes | equity release | LPAs | viatical settlements | the LTC planning process

Module 10 (15 minutes)
Insurance-based protection products Personal accident and sickness | private medical insurance | hospital cash plans | dental plans | mortgage protection insurance | accident, sickness and unemployment insurance

Module 11 (18 minutes)
Personal protection solutions 12 factors to take into account | attitude to risk and affordability | quantifying life cover | quantifying disability and health assurance | redundancy planning | documentation requirements | reviews

Module 12 (18 minutes)
Business protection solutions Keyperson | share protection insurance | partnership protection | business loans

Module 13 (21 minutes)

Crammer Module This consists of the summaries of the previous modules.

R05 Financial Protection

R05 exam syllabus