The Life Insurance course provided at Lighthouse Academy covers actuarial mathematics, models, and techniques for valuing long-term contingent cashflows. An in-depth understanding of the valuation of claims is a key aspect of actuarial work, specifically in the areas of life insurance, health, disability insurance, superannuation, and pensions, as well as broader financial institutions.

Objectives of the course:
This course combines the present value principle with various stochastic tools in pricing, reserving, cashflow projection, and profit testing tasks for various products in life insurance, health and disability, and pension and superannuation space. The fundamental techniques covered in the course help insurers to adequately price and manage the risks of various contracts in life insurance and pension systems, hence allowing the creation of products to help individuals manage risks.

Course Key Information:
Duration: 2.5 months
Faculty/School: Vocational Studies School
Qualification Attained: Vocational Certificate in Life Insurance
Code of the Course: VSS153
Location: Online
Fees: $ 250
Start Date: November 2022

Modules:
The modules listed below are those currently intended for delivery in the current academic intake of this course. These may be subject to change in future years as the University regularly revises.

• Introduction to Life Insurance: 3 Credits
• Permanent Life Insurance : 3 Credits
• Term Life Insurance & Other Plans : 3 Credits
• Policy Provisions : 3 Credits
• Policy Riders : 3 Credits
• Nonforfeiture & Settlement Options : 3 Credits
• Policy Loans : 3 Credits
• Tax Treatment of Life Insurance : 3 Credits

Requirements:
To be eligible for admission, you must have English Language (Level B+). A certificate in management, administration, commerce, or any related field is preferred.

CAREER OPPORTUNITIES:
Consultant in Life Insurance

Enrollment:

If you would like to enroll in the program, please send an email to Dr. David Baier, Dean of Vocational Studies School, vocationalschool@lighthouseacademy.org