Life insurance comparison Australia
Compare our product features and get a quote to find the coverage that works best for you and your loved ones
How to choose the best life insurance option for you?
Choosing the best life insurance option for you involves considering several factors such as your financial needs, health, and lifestyle.
To make an informed decision when getting a policy, it’s important to understand that Life Insurance is an umbrella term used to describe a category of insurance products that provide financial protection for you and your loved ones in the event of death, injury, or illness. Life Insurance products aim to ease the financial burden if any of these situations ever occur by paying out a lump sum or monthly benefit depending on the type of coverage you have.
TAL offers the following types of Life Insurance:
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Learn more about how TAL Life Insurance options can help protect you and your loved ones. Compare our product details and get a quote to find the coverage that works best for you.
Things to consider when looking for a life insurance product
The amount of coverage you need: The level of cover you need is unique to you and depends on your own personal circumstances, including your age, any pre-existing conditions, and your loved ones’ financial needs after you’re gone. You may also want to consider any life insurance you have within a superannuation fund. If you’re unsure how much cover you need, consider speaking to a financial adviser.
The type of policy that best fits your needs: There are different types of life insurance that cover different events. These include life insurance, TPD insurance, critical illness insurance and income protection. Check the relevant product disclosure statement (PDS) to make sure the policy you’re looking at covers the risks that are most important to you.
The cost of the policy: A number of factors impact the price you’ll pay for life insurance premiums, including aspects like your age, the amount of cover you require, and whether or not you have a pre-existing medical condition. To see how your policy compares, getting life insurance quotes from a few different insurers may help you make the most informed decision.
The policy’s additional features: TAL offers a range of built-in extras for Life Insurance, TPD Insurance, and Critical Illness Insurance. One of these extras is the Future Insurability Benefit, which adds up to 25% of your benefit amount up to $200,000 to your cover without underwriting, if you experience a major life event such as getting married, having a child or taking out a mortgage. Make sure you review the insurer’s Product Disclosure Statement (PDS) so you’re aware of all relevant policy features, exclusions and limits.
The peace of mind that comes with life insurance products
Cover debts and major expenses: Depending on the level of cover you get, your life insurance payout can be used to pay off major debts like mortgages and car loans, or cover your family’s ongoing living expenses, including rent and household bills.
Make up for lost income: Unlike income protection insurance, life insurance pays out a lump sum benefit amount. This can provide your loved ones with immediate financial security and allow them to manage any work absences, without worrying about how they’ll pay their bills.
Medical expenses: Medical conditions can be expensive to treat, leading some to worry they are leaving their loved ones with debts to manage. A life insurance payout can help give you the peace of mind that these expenses can all be taken care of.
Maintain your lifestyle: If your family relies on your income, life insurance can help make sure your family’s home and lifestyle are secure and they can maintain their lifestyle if something was to happen to you.
TAL features and benefits: Extras like the TAL Health Sense BMI discount, which offers a premium discount of up to 15%, if your BMI is between 19.0 and 28.0 (inclusive). You can also choose from flexible policy features and additional benefits like optional Premium Relief Option, to ensure your benefit keeps pace with inflation.
Build a policy that fits your unique needs
With TAL you can choose the right level of cover for your needs, including the cover amount and features that best suit you. Get a preliminary and no-obligation life insurance quote.
Enjoy peace of mind knowing that you and your loved ones are protected with TAL.