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R05 – Financial protection

£37.50 + VAT

Ever though there must be an easier way to prepare for your CII R05 exam?

Our R05 audio study guide has around 4 hours of material and includes the key content from the CII R05 study text. It can be downloaded almost instantly and then played through your computer or sync’d with your mobile device. This enables you to study when conventional methods aren’t available, for example when commuting.

Based on a survey of people who purchased our MP3 material, 80.95% passed the exam they bought material for.

Sample of our R0 audio material – click play to listen

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What you need to know about R05

R05 is one of the six modules that go to make up the CII's Regulated Diploma in Financial Services.

Here is some of the information you will need to know in order to pass R05 first time.

What does R05 examine?

R05 tests your knowledge of protection products and their use. There are ten elements in the R05 syllabus and the questions are fairly evenly split. The areas with the most questions are:

  1. The types of life assurance and pension based policies and how they meet financial planning needs
  2. The tax treatment of these types of policy
  3.  Income protection, characteristics, and how it meets protection needs
  4. Critical illness, characteristics, and how it meets protection needs
  5. The main features of insurance based protection policies
  6. How financial protection meets the needs of individuals and clients with business interests

For full details of the syllabus, click here

How difficult is R05?

The pass rates for R05 are amongst the highest for the R0 subjects. In simple terms, around 7  out of 10 people who sit it will pass.

2018 2017 2016 2015
76.35% 78.26% 72.11% 71.25%

Source: CII website

What's the format of the R05 exam and the pass mark?

R05 is based in 50 multiple choice questions. The exam is 1 hour long and you will need to score 70% or more to pass the exam.

The R05 exam uses only one type of multiple choice questions - standard format. With standard format questions, you will be given four options and only one will be correct. There are none of those pesky multiple response format questions.

With this format, a wrong answer will fail to get a mark. In other words, marks aren't deducted for incorrect answers - you just fail to get a mark. So if you don't know the answer, you might as well guess. You have nothing to lose!

What do I need to do to pass R05 first time?

You will need decent all-round knowledge and you will have practised answering R05 style questions.

The CII recommend 50 hours of study. If you are new to the profession, you will probably need all of this time and more. You will also probably have to use a range of study options. These include:

  •  Our MP3 audio material. This provides around 4 hours of content that helps you to study while driving, commuting, working out....
  •  CII R05 study text. There are no short cuts. Most people will need to put in some hard yards using this as the primary source of learning.
  • CII Revisionmate. If you purchase the CII study text, you automatically get access to their on-line bank of test questions. This provides an invaluable and 'free' way of both learning (through making mistakes) and testing the knowledge of what you have learned.

To hear about 5 common myths about R05, click here

 

R05 Exam - Financial protection. Size: 13 modules, approximately 4 hours of material Download time: approx 3 minutes over high speed broadband

Please note: After purchase you will receive an email that includes the download link within just 5 minutes. If you don't receive this in your inbox, please check your spam folder.
R05 Financial Protection
Module 1 (10 minutes)
R05: the exam and preparing for it CII Regulated Diploma exam structure | the R05 financial protection 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, single-tier 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 (19 minutes)
Income protection insurance The features of income protection | 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. It provides a quick recap of the key points from the full R05 programme.

R05 Financial Protection