Compare life insurance quotes from 9 major Australian insurers. Get your free indicative quote in 3 minutes with no obligation.
Financial planners understand the importance of insurance better than most, yet many don't have adequate personal cover. The professional pressures, regulatory burden, and your own family's financial obligations all warrant proper protection.
Financial planners are treated as a white-collar occupation across the panel, but several insurers place them one notch below CPA/CA-qualified accountants rather than alongside them, which is worth understanding when comparing quotes. Encompass, NEOS, and Futura all map 'Financial adviser or planner or consultant' to their WCM occupation class (white-collar workers with less than 10% manual duties, or roles not purely desk-based), with Life/Critical Illness class C, benefit period to age 65, and both TPD Own and TPD Any available. Their adjacent WCP class (white-collar professional, 100% sedentary, no manual) carries Life/CI class A, which is the tier most CPA/CA accountants and degree-qualified actuaries land in. ClearView codes 'Financial Adviser/Planner/Consultant' as AA for income protection and A for TPD, against a top AAA tier that is reserved for degree-qualified or higher-earning professionals such as CPA/CA accountants. AIA splits the occupation by qualification and income: 'Financial Planner/Adviser [tertiary qualified] [income >$120,000]' lands in A1, while 'Financial Planner/Adviser [other]' lands in A3. Stockbrokers and financial market dealers can attract individual consideration on income protection at AIA. Disclosure of any mental health, alcohol, or stress-related history is the most common underwriting touchpoint for this occupation across all panel insurers.
Panel placement for financial planners is consistent in shape but split into two tiers depending on qualifications and income. Encompass, NEOS, and Futura all list 'Financial adviser or planner or consultant' as WCM with Life/CI class C and benefit period to age 65, one notch below the WCP class that CPA/CA-qualified accountants occupy. ClearView codes 'Financial Adviser/Planner/Consultant' as AA (IP) and A (TPD), with the top AAA tier reserved for degree-qualified or higher-earning professionals. AIA distinguishes 'Financial Planner/Adviser [tertiary qualified] [income >$120,000]' at A1 across IP CORE/BE, TPD, Life, and Crisis Recovery, from 'Financial Planner/Adviser [other]' at A3. 'Financial Investment Adviser', 'Financial Investment Manager', and 'Insurance Broker' all sit at A3 on AIA. 'Financial Market Dealer' and 'Stockbroker [not self employed]' attract IC (individual consideration) for IP at AIA. OnePath, Zurich, Acenda, and TAL do not publish a financial planner row in their adviser guides, placement is set at quote time and typically maps to the white-collar professional categories.
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 benefit periods to age 65 across the panel for this occupation. Encompass, NEOS, and Futura all carry a BP-65 maximum at the WCM class, and ClearView, AIA, OnePath, and Zurich place the role in white-collar tiers that typically support longer benefit periods. Tertiary-qualified planners earning over $120,000 land in AIA's A1 category.
Pays a lump sum to nominated beneficiaries on death. Practice owners often carry buy-sell agreements, capital-account loans, recurring-revenue book purchase commitments, or AFSL-licensee buy-in obligations that planners commonly factor into target life cover.
Total and permanent disability cover. Encompass, NEOS, and Futura all list TPD Own and TPD Any as available for the WCM class; ClearView and AIA also provide TPD on the published tier. Own-occupation TPD definitions are commonly available for white-collar professional categories.
Pays a lump sum on diagnosis of specific serious conditions. For practice owners and partners in advice firms, an extended recovery from a serious diagnosis can disrupt ongoing service to clients and trigger licensee or partnership provisions around capacity.
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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Yes, financial planners are classified as low-risk, professional occupations. Office-based, non-physical work means competitive premiums. You probably already know this, but comparing across insurers still matters because they don't all price the same way.
Many financial planners who advise on insurance for clients still use a broker for their own personal cover. It saves time, lets you compare across the panel, and someone else does the legwork. We compare across 9 panel insurers so you can see what each offers.
Yes, if you've sought treatment for anxiety, stress, or any mental health condition, it must be disclosed. FASEA reforms, compliance obligations, and the weight of client responsibility create genuine pressure. Insurers understand professional stress, being upfront helps at claim time.
Your practice and client book have real value. If something happened to you, the business needs to continue or be sold in an orderly way. Life insurance protects your family, key person insurance protects the business, and a funded buy-sell agreement (if you have partners) ensures a clean transition. Many planners have all three.
You already know the answer, but yes, especially if your income would stop or significantly reduce if you couldn't work. Even with recurring revenue, someone needs to service the clients. Income protection pays a portion of your income while you recover from illness or injury. We can quote it alongside life insurance.
Not quite, on several panel insurers they sit one tier below. Encompass, NEOS, and Futura all map 'Financial adviser or planner or consultant' to WCM with Life/Critical Illness class C, while CPA/CA-qualified accountants typically land in WCP with Life/CI class A. ClearView codes financial adviser, planner, or consultant as AA, against an AAA top tier that CPA/CA accountants reach with their qualification. AIA splits the occupation: tertiary-qualified planners earning over $120,000 reach A1, while 'Financial Planner/Adviser [other]' lands at A3. Comparing across the panel matters for this occupation.
Insurers ask about your daily duties and qualification status rather than the licensee or AFSL structure. The published rows on Encompass, NEOS, Futura, ClearView, and AIA refer to the occupation itself rather than the licensing arrangement. What matters at application time is whether you hold a relevant degree or professional designation, your average income over recent years, the proportion of office-based versus client-facing time, and any travel exposure.
Yes, AIA publishes an explicit income split for this occupation. 'Financial Planner/Adviser [tertiary qualified] [income >$120,000]' lands in A1 across all four cover types. 'Financial Planner/Adviser [other]' lands in A3. The A1 category is described in the adviser guide decoder as professionals, executives, and senior management earning more than $120,000 per annum over the last two years in an office-based management role. A1 placement at AIA carries the higher financial-evidence thresholds.
Yes, the published rows show meaningful differences. AIA places 'Financial Market Dealer' at IC (individual consideration) for Income Protection but A3 for TPD, Life, and Crisis Recovery; 'Stockbroker [not self employed]' is also IC for IP and A3 for the other three covers. 'Financial Investment Adviser' and 'Financial Investment Manager' both sit at A3 across all four covers. Encompass, NEOS, and Futura split stockbrokers into 'not degree qualified' (WCA, Life/CI class C) and 'relevant degree' (WCP, Life/CI class A). ClearView splits Stockbroker by income, AA at >$80,000 average and A at <$80,000.
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 financial advice profession has been through sustained regulatory change, and panel insurers see mental health disclosures from planners regularly. Each insurer assesses mental health history differently, some are more accommodating of historical resolved episodes than others, and some apply standard rating while others may apply loadings or temporary exclusions for recent acute episodes.
Many practice owners carry obligations that extend beyond personal commitments, AFSL licensee buy-in or capital contributions, recurring-revenue book purchase loans, partnership buy-sell agreements, office leases, staff wages, and software or platform agreements. Life cover is commonly sized to settle these obligations. Trauma cover is commonly considered for the household income cushion during an extended 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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