Faculty of Business and Law Assignment Brief Mode E and

R Regulations

Module Title: Insurance and Assignment 1

Pensions Number
Module Code: 354FIN Assignment Title Guide to Insurance
Module Leader: Anita Gill Assignment 25%
Credits

Assessment Information

This assignment is designed to assess learning outcomes:

LO1- Demonstrate knowledge of a range of insurance products

LO2 - Evaluate insurance products in relation to the requirements of individuals and

businesses

This assignment is an individual assignment and requires you to:

Produce a guide to promote personal protection, or business protection:

1) Personal protection – promote protection to families with young children.

John and Lucy are in their 30s and have 2 dependent children, aged 6 and 8.
They have a new £250,000 mortgage on their main residence that runs for the
next 25 years. They are both employed, earning £35,000 each. They have
death in service of 4 times their salary. John has statutory sick pay terms;
Lucy gets full pay for 6 months, half-pay for the following 6 months.

In your guide, you need to promote personal protection and cover the
following:

a) Why do they need protection?

b) What products are suitable for their situation?
 2) Business protection – Ltd company with 3 shareholders.

Smith Ltd is a Wealth Management company with 3 shareholders (John (48), Peter
(39) and David (37)). All 3 are married with dependent children. John holds 40% of
the shares; Peter and David each own 30%. They have 6 staff across 2 locations
and have around 1,000 clients. The business value is around £2m with a turnover of
£750,000.

They are worried about the viability of the business if something happens to anyone
of them.

In your guide, you need to include the following points:

a) Why their business needs protection?

b) What business protection products are suitable?

Criteria for Assessment

D– B- Very
Marking G – No F- C- Good A – Excellent
Satisfactory Good
criteria Submission Fail 0- 50-59 70-100
40-49 60-69
Grade / % 39 D-
Of very high
Of high
Of Of sound quality,
quality,
Work Evidence satisfactory quality, demonstrating
demonstrating
submitted is included or quality, demonstrating evidence
Grading evidence
of no provided but demonstrating evidence which is
criteria which is
academic missing in evidence of which is strong, robust
rigorous and
value / some very achieving the sufficient and and
convincing,
nothing important requirements appropriate to consistent,
appropriate to
submitted aspects of the the task or appropriate to
the task or
. learning activity the task or
activity
outcomes activity

LO1- Fail. The

Demonstrate discussion is
knowledge of descriptive
a range of and irrelevant.
insurance Satisfactory:
products – Section Good: A
No analysis An acceptable Very Good.
incomplete good Excellent: An
or critical discussion of A good grasp
Importance or is of discussion of excellent
thinking. insurance of insurance
of unacceptable insurance discussion.
products products
protection standard. products
Limited
understanding
Features, of insurance
uses and products
benefits of
 D– B- Very
Marking G – No F- C- Good A – Excellent
Satisfactory Good
criteria Submission Fail 0- 50-59 70-100
40-49 60-69
Grade / % 39 D-
insurance
products

40%

LO2 –
Evaluate
insurance
products in
relation to
the Good: A Excellent An
requirements Fail. No Very Good.
good excellent
of individuals understanding A good
evaluation of evaluation of
and of the evaluation of
Section various insurance
businesses products and the products
incomplete Satisfactory: products and products and
how they and how they
or is of A reasonable how they how they
Suitability of meet the meet the
unacceptable evaluation meet the meet the
various needs of needs of
standard. needs of needs of
products to individuals individuals
different individuals
different and and
individuals / and
needs of businesses businesses
businesses businesses
individuals
and
businesses

40%

Very Good. Excellent

Fail. Good. Sound
Rigorous Authoritative
Poor command of
Reading list/ Section Satisfactory. command of command of
command of academic
references incomplete Satisfactory academic / academic /
referencing referencing,
or is of references professional professional
standards/ following
10% unacceptable and reading. conventions conventions
very limited Harvard
standard. appropriate to appropriate to
reading and Referencing.
the discipline the discipline
research

Quality of
the guide – Very poor
structure, No Excellent
structure and Satisfactory Good Very good
presentation submission presentation
quality
10%

Word Count

The word count is 1,750

There will be a penalty of a deduction of 10% of the mark (after internal moderation) for work exceeding the
word limit by 10% or more.
The word limit includes quotations and citations, but excludes the references list.