Life Insurance Adviser - General Advice

RG146 Life Insurance Adviser course

Please note that this qualification is for students interested in undertaking a RG146 'General Advice' course. We no longer offer RG146 'Personal Advice' courses.

Life Insurance Adviser is designed for individuals requiring RG146 compliance and authorisation by an Australian Financial Services License (AFSL) holder to provide advice on regulated Insurance products.

For existing authorised representatives, successful completion of this course allows you to extend your advisory range into Insurance products.

Please note that this is a RG146 General Advice course only. Mentor Education no longer offer RG146 Personal advice courses.

Focused on your Success

We recognise that employers are increasingly looking for candidates who are aware of the challenges of being a successful financial adviser.

Often a candidate’s Qualification is the only evidence that they possess the technical knowledge and skills requirements to conduct themselves professionally as an authorised representative. Unfortunately, this can not be said for all training providers.

With a Mentor Education Training Australia qualification you have confidence in the fact that you will be equipped with the skills and knowledge gained from a credible industry-endorsed program that employs best practice assessment standards, helping you graduate at the leading edge of your chosen field.

Course Outcome

The Life Insurance Adviser course will equip you with the specialist knowledge and technical skills to provide compliant advice to clients on income protection, life insuranc and trauma insurance.

RG146 Registered

Mentor’s courses offer more than just compliance training that meets the requirements of Regulatory Guideline 146 (RG146). They are designed to engage and challenge, so that you or your advisers are equipped with both the skills and knowledge required to deliver quality advice outcomes to your clients.

Who Should Enrol?

This course is suitable for:

  • individuals seeking a general advice qualification

Course Entry Requirement

This is an open entry course with no pre-requisite qualifications. In order for participants to successfully complete this course, it is recommended they have a strong grasp of literacy and numeracy.

Level of Advice

All financial product advice are labelled under two types of advice: general advice or personal advice. ASIC has provided guidance as to the difference between general advice and personal advice. Both general advice and private advice are outlined under section 766B of the Corporations Act.

General Advice

General Advice relates to financial products or investments that can be obtained from an individual that holds an Australian Financial Services Licence (AFSL) or similarly works for a company that has an AFSL.

The advice is classified as general information provided to a client on a particular product or strategy but does not take into account the clients’ personal financial circumstances.

Furthermore, for general advice the individual will receive a current Financial Services Guide (FSG) from their adviser at the first meeting and if a product is discussed, a Product Disclosure Statement (PDS) for each product will be provided if strategies are discussed, and a relevant client fact sheets will also be provided.

Personal Advice (Not offered)

Advice is deemed personal if the adviser has to consider one or more objectives of the client's personal circumstances, objectives, financial situation or needs.

For personal advice the adviser will provide the client with a current Financial Services Guide (FSG) and a Statement of Advice (SoA), and all relevant Product Disclosure Statements and supporting Financial Statements (where relevant).

The client will also be required to sign an engagement letter, scope of advice, and fee agreement forms.

Individuals seeking to provide Tier 1 compliant advice on regulated Insurance products, are required to successfully complete two modules. which are:

  • DFP 1 - Financial Advice
    consisting of Australian Industry Essentials and Financial Advice Fundamentals. Financial Advice Fundamentals to be completed only for personal advice.
  • DFP 2 - Insurance

DFP 1 - Financial Advice module sets the foundation by teaching the financial advice process, which is reinforced in the DFP 2 - Insurance module.


General Advice

This type of advice required students to complete the following modules:

  • DFP1 - Australian Industry Essentials
  • DFP2 - Insurance

Australian Industry Essentials

  • Australian Economy
  • Australian Financial Markets
  • Investment Funds
  • Corporations Act
  • Regulatory Environment
  • Licensees & Representatives
  • Ethics


Core Area

  • Understanding Insurance
  • Operation of Insurance Markets
  • General Insurance
  • Personal Insurance
  • Advisory Functions
  • Legal Obligations and Compliance

Specialist Area

  • The Australian Life Insurance Industry
  • Life Insurance Products and Taxation
  • Features of Life Insurance
  • Term Life Insurance
  • Total & Permanent Disability Insurance
  • Trauma Insurance
  • Income Protection Insurance
  • Business Insurance
  • Role of the Adviser

Units of Competency

This course includes nationally recognised units

Life Insurance General Advice

FNSIAD301 Provide general advice on financial products and services


We have designed our assessment activities in line with best practice standards to help you deliver quality advice outcomes to your clients.

General Advice

  • Multiple choice knowledge test for each part
  • Short answer responses to a written assignment

Our friendly and experienced team will provide support and assessment feedback as you progress through your studies.

Flexible Delivery Options: Nationwide

Mentor specialises in providing professional education and training services to you anywhere, any-time. We appreciate that learning needs differ for each individual and organisation, which is why we allow you to select the approach that works best for you.

General Advice

If you only intend to inform clients about a product without making a recommendation this is the course for you.

  • No hidden costs
  • Self-paced
  • Start anytime
  • Online assessment
  • 1300 phone support


$780.00 SAVE!
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* Terms and conditions.
For further information regarding tuition fees and study options related to the RG146 Courses - Life Insurance Adviser Australian Government nationally recognised qualification listed on this web page delivered by Mentor Education Pty Ltd (RTO 21683), please visit the Terms and Conditions section of the Mentor Education Website located at or call us on 1300 306 146.


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Great company to complete online learning with.
Education had a flexible approach to my programme and helped me with all my queries. I know I have taken a few years to complete my DFP but it was worth the time since I had no cut off time. I am planning in doing my ADFP soon. I would recommend "Mentor Education" to anyone that is interested.

Nancy Gansalvez

You can actually talk to a Teacher!
I completed my Diploma of Financial Planning RG 146 with Mentor last year long distance while still working, they were very helpful and there when ever I needed help. You can actually talk to a Teacher or email them. They are polite and always check by email to make sure you were happy with their help, and to email back if not. Great 110% service. I had to use "another company " for another course because the Boss paid for it and honesty there was 0 service, no teachers at all and rude/money hungry people.

Andrew Hughes

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