A Life Insurance Adviser gives expert advice on life, TPD, trauma, and income protection insurance. They help clients align their cover with their broader financial plan and long-term goals.
The role needs strong knowledge of insurance products, the legal rules, and each client’s risk profile. Advisers who give personal advice must meet ASIC’s education standards under the Corporations Act 2001. Since 2019, this means an approved bachelor’s degree (AQF Level 7 or higher) and passing the national Financial Adviser Exam.
The Financial Advice Association Australia (FAAA) is the profession’s leading body. It supports advisers with CPD resources, standards support, and a national community. Membership shows a commitment to ethics and ongoing growth.
Life Insurance Advisers typically work in planning firms, wealth groups, or as sole practitioners. Most sole practitioners hold their own AFS licence. Career paths can lead to senior adviser, practice principal, or specialist risk roles.
Laura Atkinson is an Account Management and SEM specialist at Course Finder Group with six years' experience in the Australian education sector. She works day to day with universities, TAFEs and independent training providers, which gives her a close view of how courses map to real career outcomes. She writes practical guidance on career pathways, choosing the right qualification and what to expect when moving into a new field.