TAL, a leading Australian life insurance specialist, has today announced the latest upgrade to its award-winning Accelerated Protection product series.
The latest product upgrade to Accelerated Protection brings more options and flexibility for advisers to tailor the insurance cover to their customers’ unique needs.
TAL General Manager, Retail Distribution, Niall McConville, said, “The new Accelerated Protection provides a host of improvements to ensure it remains one of the strongest products in the market. And best of all under our Guarantee of Upgrade, we're passing improvements back to existing customers.
“We are always working to improve our products so advisers can be even more confident in their recommendations to their customers. This continuous improvement ensures advisers’ customers have the cover they need now and into the future.
“The new Accelerated Protection means more opportunities for advisers to better support their customers and grow their businesses.”
Some of the new features available through Accelerated Protection include:
- Pricing changes for new business: Delivering more competitive premiums across a number of benefits, including improved pricing for customers who bundle their cover with TAL.
- Enhanced critical illness insurance: TAL has updated 22 medical definitions, including an enhanced Angioplasty benefit for Critical Illness Premier, to ensure they reflect the latest medical practice. Additional flexibility has also been provided via improvements to the Guaranteed Future Insurability benefit for all lump sum benefits and the ability to apply Double Critical Illness on both attached and linked policies.
- New TPD insurance continuation option: Includes a new continuation option for white collar occupations, allowing up to $1 million of Any Occupation cover to continue to age 70 and added flexibility with Double TPD on both linked and attached policies.
- New business expense option within income protection: Designed to remove complexity and offer a unique solution for sole traders. It covers all reasonable business expenses, including the variable expenses such as the cost of a replacement employee.