FA1 - Life office administration

What does the unit cover?
This unit provides a solid understanding of key life assurance issues together with detailed information on the administration of this type of business.

The main syllabus elements are:

At the end of this unit, candidates should understand the:

  • Basic product types, including group life
  • Principles of financial and medical underwriting
  • Policy issues likely to arise with life policies
  • Administration of life policies, including the different payment methods and consequences of non-payment
  • Handling of life policy claims

How is it examined?
1 hour, 50 question multiple-choice exam. Pass mark is around 70% 

 

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