Compare life insurance quotes from 9 major Australian insurers. Get your free indicative quote in 3 minutes with no obligation.
Financial planners understand the value of insurance better than most, yet many do not hold enough personal cover themselves. The professional pressure, the regulatory burden, and your own family commitments all make proper protection worth having. Life cover protects your family if you die, and income protection replaces part of your income if illness or injury stops you working.
Financial planners are treated as a white-collar profession across our panel of 9 insurers, but it is worth understanding that several insurers place planners a notch below CPA or CA-qualified accountants rather than alongside them, which can affect the price you see. The usual reason is that the planner category is treated as not quite 100 percent desk-based, while the very top white-collar tier (which CPA or CA accountants and degree-qualified actuaries tend to reach) is reserved for purely sedentary professional roles. Income and qualifications matter too: some insurers lift tertiary-qualified planners earning above a set income into their highest professional tier, while other planners sit a step down. Related roles can differ as well, with stockbrokers and financial market dealers sometimes looked at individually for income protection. The single most common underwriting touchpoint for this occupation across the panel is disclosure of any mental health, stress, or alcohol-related history, which is unsurprising given the regulatory pressure the profession has been through. None of this stops cover being widely available; it mainly means the price and the exact tier vary, so comparing is worthwhile.
Cover for financial planners is widely available across our panel, with life cover, income protection, and disability cover all on offer and long income protection benefit periods common. The shape of the assessment is consistent, but the tier splits in two depending on qualifications and income. Several insurers place planners a notch below CPA or CA-qualified accountants, because the role is treated as not quite purely desk-based, while some insurers lift tertiary-qualified planners earning above a set income into their top professional tier. Closely related roles can sit differently again: insurance brokers and investment advisers are commonly treated as a solid white-collar role, while stockbrokers and financial market dealers are sometimes looked at individually for income protection. A few insurers do not publish a financial planner row at all and simply set the placement at quote time, usually mapping it to the white-collar professional categories. Because the tier, and therefore the price, varies more than for some professions, comparing across the panel is genuinely worthwhile for this occupation.
Sourced from current panel-insurer adviser guides. Specific category placement depends on your individual duties and qualifications. General advice only.
A qualitative view of how the four core cover types commonly stack up for financial planners. Order is general — what is most relevant for you depends on your personal circumstances, family commitments, and existing cover.
Income protection is generally available with long benefit periods (often to age 65) across the panel for this occupation, and it replaces part of your income while you recover from illness or injury. Tertiary-qualified planners earning above a set income can reach an insurer top professional tier, while others sit a step down, so it is worth comparing how each insurer treats your qualifications and income.
Life cover pays a lump sum to the people you nominate if you die. Practice owners often carry buy-sell agreements, capital-account loans, recurring-revenue book purchase commitments, or licensee buy-in obligations, which planners commonly factor into how much life cover they take. The aim is to make sure those obligations do not fall on your family or your business partners.
Total and permanent disability cover pays a lump sum if you become permanently unable to work. It is widely available for this occupation across the panel, and cover based on your own occupation is commonly available for white-collar professional categories. An own-occupation definition responds if you can no longer work specifically as a financial planner, even if you could do some other job.
Trauma cover pays a lump sum if you are diagnosed with one of a set of specified serious conditions, such as cancer or a heart attack. For practice owners and partners in advice firms, an extended recovery from a serious diagnosis can disrupt ongoing service to clients and may trigger licensee or partnership provisions around capacity, so trauma cover is commonly considered alongside the rest.
Every person's premium is different. It depends on your age, health, smoking status, and what you actually do day-to-day. The quickest way to find out what you'd pay is to request a free quote comparison.
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Usually yes. Financial planning is treated as a lower-risk professional occupation, and office-based, non-physical work tends to mean competitive premiums. You probably know this already, but comparing across insurers still matters, because they do not all price the role the same way.
Many planners who advise clients on insurance still use a broker for their own cover. It saves time, lets you compare across the panel, and means someone else does the legwork. We compare across 9 panel insurers so you can see what each one offers for your situation.
Yes. If you have sought treatment for anxiety, stress, or any mental health condition, it must be disclosed when asked. Sustained regulatory change, compliance obligations, and the weight of client responsibility create genuine pressure, and insurers understand professional stress. Being upfront helps avoid problems at claim time.
Your practice and client book have real value. If something happened to you, the business would need to keep running or be sold in an orderly way. Life cover protects your family, key person cover protects the business, and a funded buy-sell agreement (if you have partners) supports a clean transition. Many planners hold all three.
You probably know the answer, but yes, especially if your income would stop or drop sharply if you could not work. Even with recurring revenue, someone still has to service the clients. Income protection pays a portion of your income while you recover from illness or injury, and we can quote it alongside life cover.
Not quite. On several insurers, planners sit one tier below CPA or CA-qualified accountants, because the planner role is treated as not quite purely desk-based while accountants reach the top white-collar tier with their qualification. Some insurers do lift tertiary-qualified planners earning above a set income into their highest tier, while other planners sit a step down. Because the tier, and therefore the price, varies, comparing across the panel matters for this occupation.
Insurers generally ask about your day-to-day duties and your qualifications rather than your licensee or AFSL structure. What matters at application time is whether you hold a relevant degree or professional designation, your average income over recent years, how much of your time is office-based versus client-facing, and any travel involved. The licensing arrangement itself is usually not the deciding factor.
It can. Some insurers run an explicit income split for this occupation, lifting tertiary-qualified planners who earn above a set income into their top professional tier, while other planners sit a step down. Reaching the top tier can come with higher financial-evidence requirements when you apply for larger amounts of cover. Because insurers handle this split differently, it is worth comparing how each one would treat your income and qualifications.
Yes, it can be. Some insurers look at stockbrokers and financial market dealers individually for income protection, while still offering life and disability cover on more standard terms. Investment advisers and managers are commonly treated as a solid white-collar role. Several insurers also split stockbrokers by qualification or income, so the terms can differ depending on your degree status and earnings. Comparing across the panel is the practical way to see your options.
Yes. Any consultation with a doctor, psychologist, counsellor, or psychiatrist for stress, anxiety, depression, burnout, or alcohol-related issues should be disclosed honestly when asked. The advice profession has been through sustained regulatory change, and insurers see these disclosures from planners regularly. Each insurer assesses mental health history differently: some are more accommodating of older, resolved episodes, while others may apply a loading or a temporary exclusion for a recent acute episode.
Many practice owners carry obligations beyond personal commitments: licensee buy-in or capital contributions, recurring-revenue book purchase loans, partnership buy-sell agreements, an office lease, staff wages, and software or platform agreements. Life cover is commonly sized to help settle these. Trauma cover is often considered as a household income cushion during a long recovery. Key person cover and buy-sell-funded policies are separate structures from personal cover, and many planners hold both.
General Advice Warning: The information on this page is general in nature and does not take into account your personal objectives, financial situation, or needs. Before making any decisions, consider whether the information is appropriate for your circumstances and read the relevant Product Disclosure Statement (PDS).
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