Understand why insurance advisers charge a fee, what the advice process involves, how commissions are regulated in Australia, and what clients receive in return.

Your family medical history can impact your life insurance—but not in the way most people think. If your cousin had heart surgery or your grandpa had diabetes, that doesn’t usually raise red flags. What insurers do look at? Your immediate family: mum, dad, siblings. And whether they had certain health conditions young.