FPC004: Insurance Advice Critically Analyze Personal and Small Business Risks - Accounting Assignment Help

Assignment Task:

Task:

Section A There are three (3) short-answer questions in this section. Answer all questions. Question 1 (5 marks | Word limit: 150 words)

LO1 Critically analyze personal and small business risks. Consider the following pieces of information:

• There were around 25.5 million active life insurance policies in Australia in 2018, according to APRA.

• There were approximately 12.5 million working-aged Australians (aged 15–64) in 2018, according to the Australian Institute of Health and Welfare.

• Rice Warner’s Underinsurance in Australia 2017 report estimated that 94% of working Australians had some level of life cover, with an average of approximately $143,500 (twice the median household income).

• Rice Warner’s Underinsurance in Australia 2017 report concluded that the amount required for a family to be adequately covered by life insurance, is around eight times the family income. Given the information above, and your knowledge of life insurance, evaluate and discuss the following statement: ‘Australians are managing their personal risk effectively through insurance.’ Criteria-Based Marking Guide for Question 1 Excellent (Mark range: 4–5 marks) Satisfactory (Mark range: 2.5–3.5 marks) Unsatisfactory (Mark range: 0–2 marks)

• clear, logical and concise conclusion as to whether or not the statement is correct • clear, logical and concise analysis of the evidence that supports the statement

• clear, logical and concise analysis of the evidence that contradicts the statement

• evidence of independent research

• adequate conclusion as to whether or not the statement is correct

• adequate analysis of the evidence that supports the statement

• adequate analysis of the evidence that contradicts the statement

• evidence of some research

• unclear or no conclusion as to whether or not the statement is correct\

• unclear or no analysis of the evidence that supports the statement

• unclear or no analysis of evidence that contradicts the statement

• no evidence of research

The above Accounting Assignment has been solved by our  Accounting Assignment  Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire considered worthy of the highest distinction.