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Financial Planning & Wealth
CII R05 Financial Protection Exam Preparation
Prepare for the 50-question CII R05 assessment with focused 2026/27 coverage of life assurance, income protection, critical illness, care, taxation, State benefits and suitable personal and business protection.
200 Unique Questions · 5 Mocks × 50 Detailed Study Notes Realistic mock exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam. Exams Academy is an independent education provider and is not affiliated with the CII.
Exactly what is included
- 5 mock exams × 50 questions · 200 unique questions · 250 total question slots · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Formulas, worked calculations & chapter reference
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Syllabus
Module 1: Consumer and retail market factors and trends 6% syllabus weight
🎧 Audio
Risk transfer, consumer attitudes, health, longevity, employment, product development, pricing and access to advice.
- • Role of insurance
- • Consumer behaviour
- • Market and product trends
Module 2: Protection needs and sources 6% syllabus weight
Health, incapacity, income, debt, death, estate and business needs, existing resources and main sources of cover.
- • Areas of need
- • Assets and liabilities
- • State, employer and private sources
Module 3: State benefits and local-authority provision 6% syllabus weight
Bereavement, income, disability, child, housing and pension support and its limitations in private planning.
- • Range of benefits
- • Eligibility and limitations
- • Planning impact
Module 4: Life assurance and pension-based protection 16% syllabus weight
Policy types, ownership, trusts, terminal illness, waiver, premiums, underwriting, assignments and claims.
- • Term and whole-life cover
- • Ownership and trusts
- • Underwriting and claims
Module 5: Taxation of protection policies 12% syllabus weight
Qualifying and non-qualifying policies, life funds, chargeable-event gains, onshore and offshore treatment and inheritance-tax planning.
- • Policy classification
- • Chargeable gains
- • Inheritance-tax planning
Module 6: Income protection insurance 12% syllabus weight
Types, incapacity definitions, exclusions, options, taxation, group cover, premiums, underwriting and claims.
- • Definitions and features
- • Deferred periods and benefits
- • Tax and claims
Module 7: Critical illness insurance 12% syllabus weight
Policy design, covered conditions, exclusions, term, amount, taxation, trusts, group cover, premiums, underwriting and claims.
- • Definitions and conditions
- • Standalone and integrated cover
- • Underwriting and claims
Module 8: Long-term care insurance 6% syllabus weight
Care regulation and support, product types, costs, resources, immediate and future needs and legal authority.
- • Care assessment
- • Funding options
- • Capacity and review
Module 9: Other insurance-based protection 12% syllabus weight
Personal accident, private medical, hospital cash, dental, mortgage and payment protection policies.
- • Accident and sickness
- • Medical and cash plans
- • Mortgage and credit protection
Module 10: Evaluate needs and select suitable solutions 12% syllabus weight
Consequences, personal and business analysis, product matching, affordability, Consumer Duty, life events, trusts and review.
- • Quantification and priorities
- • Personal protection
- • Business protection
Interactive preview
Free CII R05: Financial Protection Practice Questions & Exam Preview
Try 15 CII R05: Financial Protection practice questions from Learning Outcome 4
Practice CII R05: Financial Protection exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
Learning Outcome 4
A family income benefit policy pays £18,000 a year. Death occurs with eight years of its term remaining. Ignoring payment timing and commutation, what total income remains payable?
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Flashcards
Card 1 of 10Chapter 1
Question
What should an R05 candidate know about Risk transfer?
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Focus Learn
- Role of insurance
- Consumer attitudes and behaviour
- Health and longevity trends
- Employment trends
- Product design and pricing
- Value and availability of advice
- 1.1.1: Choose which risks to transfer
- 1.2.1: Attitude is not financial capacity
- 1.3.1: Health and morbidity trends
- 1.3.2: Mortality, longevity and the funding horizon
Chapter 1: Market factors and trends in financial protection planning
Why the protection market changes
Protection insurance transfers defined financial risks from a household or business to an insurer. Demand is shaped by household debt, dependants, employment patterns, health, longevity, disposable income and confidence that claims will be paid. A longer life does not remove protection needs: it can extend mortgage terms, caring responsibilities and the period during which illness or incapacity would disrupt income.
Consumers often underestimate both the chance and financial effect of illness, incapacity or death. Behavioural barriers include optimism bias, preference for current spending, uncertainty about products and concern about cost or claims. Advice adds value by turning an abstract risk into a quantified shortfall, comparing existing provision…
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Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $151 (One-Time) | One-time payment with no recurring subscription |
Preview & See What You Will Get
Frequently Asked Questions
R05 is a 60-minute examination containing 50 standard single-answer multiple-choice questions. The standard pass mark is 70%.
The course uses the official 2026/27 R05 syllabus, examination guide and indicative content for examinations from 1 September 2026 to 31 August 2027; stable explanations retained from the prior study-text edition are subordinated to those controls.
R05 covers protection needs, State benefits, life assurance, policy taxation, income protection, critical illness, long-term care, medical and payment protection, and suitable personal and business recommendations.
Yes. Each full mock uses the official 3/3/3/8/6/6/6/3/6/6 question allocation across the ten learning outcomes.
CII lists 50 notional learning hours for R05. Your preparation time will depend on prior protection knowledge and performance in timed practice.
The course is organised around the official R05 syllabus, examination guide and indicative content, with stable explanations retained from the prior study-text edition. Exams Academy is an independent education provider and is not affiliated with or endorsed by the CII.
You receive lifetime access to the current course content with no recurring subscription fee.
No. Results depend on the candidate's study and exam performance. The platform provides structured revision and timed practice to help identify and close knowledge gaps.
Yes! Test your knowledge and review detailed explanations with the free CII R05: Financial Protection Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
Key Benefits
Five Full-Length Mock Exams
Build protection judgement and timing with five complete 50-question practice exams.
- ✓ Exact official allocation across all ten learning outcomes.
- ✓ Single-answer format aligned with the official R05 assessment.
- ✓ Detailed explanations without answer-position shortcuts.
R05-Grounded AI Tutor
Ask questions against the course material whenever a product, tax rule or suitability decision needs clarification.
- ✓ Compare life, income-protection, critical-illness and care solutions.
- ✓ Work through ownership, trusts, underwriting and claims.
- ✓ Uses the official public 2026/27 R05 controls.
Active-Recall Revision
Strengthen recall with 239 flashcards and a 227-item reference sheet.
- ✓ Focused recall across all 73 current syllabus objectives.
- ✓ Twenty-four number-recall cards and 28 complete worked examples.
- ✓ Twelve specific exam traps and close distinctions.
Detailed Chapter Summaries
Turn a broad protection syllabus into structured, outcome-weighted revision.
- ✓ State benefits, life assurance and taxation.
- ✓ Income protection, critical illness, care and medical cover.
- ✓ Personal and business protection recommendations.
Exam Format & Details
| Assessment | 50 standard single-answer multiple-choice questions |
| Duration | 60 Minutes |
| Standard Pass Mark | 70% |
| Level | CII Level 3 |
| Recommended Study Time | 50 hours |
| CII Credits | 10 |
| 2025 Published Pass Rate | 80.53% |
CII R05 revision built around the 2026/27 syllabus
R05 connects protection risks with product selection, tax, ownership and suitable advice. Candidates must distinguish capital from income needs, compare State and employer provision, understand the operation of life, income-protection, critical-illness, care and medical products, and apply those tools to personal and business scenarios.
This course organises all eleven official study-text chapters into detailed summaries, 239 active-recall flashcards, 227 searchable references including 28 worked calculations and five timed mock exams. The AI tutor is grounded in the R05 learning material so you can clarify product definitions, tax treatment, underwriting, claims and suitability inside the platform.
Practise the official R05 blueprint
The official assessment contains 50 standard single-answer multiple-choice questions in 60 minutes. The first four mocks contain 200 individually written questions, and the fifth mixes them for a further rehearsal. Every full mock follows the exact 3/3/3/8/6/6/6/3/6/6 allocation across the ten learning outcomes, with balanced answer positions and explanations for every question.
The course uses the official 2026/27 syllabus, examination guide and indicative content, with stable explanations retained from the prior study-text edition. Use the chapter tools to secure close distinctions, then complete each full mock under timed conditions and review the explanation for every uncertain answer.
Who Is This For?
✓ Candidates taking the CII R05 examination
✓ Financial advisers and paraplanners developing protection knowledge
✓ Professionals working toward the CII Diploma in Regulated Financial Planning
✓ UK financial-services staff supporting personal or business protection advice
Preparation centre
CII R05: Financial Protection Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
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CII R05: Financial Protection
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