Providing for your loved ones when you are gone.
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Premium type/entry age
- Stepped premiums: 16 – 75 (age next birthday)
- Level premiums: 16 – 60 (age next birthday)
What is Life Insurance?
Life Insurance provides for your loved ones in the event of your death, or if you are diagnosed with a terminal illness.
Life Insurance provides your loved ones with a lump sum payment that can help ensure their financial security.
It can allow your family to keep their home, provide for your children's education, and allow your partner to continue living the life you had planned together.
What are the key features?
- Lump Sum Payment if you die or are diagnosed with a terminal illness
- With our Guaranteed Future Insurability Benefit, cover can be increased up to $200,000, without underwriting
- $10,000 of Critical Illness cover for children built-in
- Eligible for TAL Health Sense discount
Flexibility, innovation, great value
How our award-winning life insurance product works for you:
Designed for flexibility
Mix and match a range of products and features to best suit your needs
Simple rewards if you're healthy
Clever features like our popular TAL Health Sense discount
We’re there when it matters
Every working day we pay an average of $5.3m in claims
What benefits does Life Insurance include?
Not all benefits, options and sum insured levels are available online.
Life Insurance claims by gender and age
What important details do I need to know?
How much life insurance do I need?
The amount of insurance you need depends on you and your unique life circumstances. This information does not consider your individual needs, objectives or financial situations. You should consider your individual circumstances before making any decision.
For example, you insure your car or your home contents for the amount that it would cost to replace whatever was damaged or stolen. With life insurance, you should consider how much you’d need to keep up your lifestyle or the lifestyle of the ones you love, if the unexpected happened.
Some questions which can help you to understand how much cover you’d need, include:
- Do you have a mortgage or other debts?
- Do you have a spouse or partner? If so, are they working and could they support themselves financially?
- Do you have any kids or other people who depend on you to look after them?
- What would be the impact to your day-to-day lifestyle if you didn’t have your income?
- For how long would you like your family to live on the payment?
- How much could rehabilitation cost if you needed it?
Will my health and lifestyle be assessed?
Health & Lifestyle Assessment
When you apply for TAL Lifetime Protection, you will be asked a number of questions related to your health and lifestyle. You can answer these online or over the phone. No medicals are required when you apply.
By agreeing to the Duty of Disclosure you have agreed to be honest and accurate in your answers to these questions.
Your answers to the questions may mean that you have increased risk factors under the Policy.
Loadings & Exclusions
In some cases we will be unable to provide you with all or some parts of the Cover for which you have applied.
In other cases, Cover may be subject to conditions such as a Premium Loading, or an Exclusion.
A Premium Loading will mean that you pay a higher premium for the Cover.
An Exclusion will mean that you will not be Covered if you suffer or die from a specified excluded medical condition, or you are injured or die as a result of participating in an excluded pastime or activity.
Will my life insurance pay for ongoing medical expenses?
No, life insurance works differently to health insurance or government help, which might cover you for medical expenses like specialist appointments or hospital treatment.
We do offer a range of support services to help with your rehabilitation, which you can apply to use as part of your recovery plan, at no cost to you.
How often do I pay insurance premiums?
We offer annual, half-yearly, quarterly and monthly payment options.
What is underwriting?
What is indexation?
Indexation is a way to help future-proof your insurance payment against the effect of inflation. Every year, as the cost of goods and services increases, your amount of cover will increase at the same, or a similar, rate. This is reflected in your premium. This will help to ensure that your insurance cover has not been eroded by the effects of inflation if you, or your family, need to pay expenses from your payment.
Claims at TAL
Every claim we pay is a promise kept
In 2020, we paid $2.7 billion in claims to 36,901 customers and their families. That’s equivalent to over $45 million a week.
People often think claims are all about payments to families when a loved one passes away. And of course, that's part of what we do. But 68% of all the claims we paid last year were to help customers keep living the lives they love, after an accident or illness.
Your guide to making a claim
When things go wrong with your health, or the health of a loved one, you may find yourself doing many things for the first time. It’s sometimes tricky to know where to start and it can feel overwhelming. We’re here to support you to make your claim as easy as possible.
If you need to make a claim with TAL, you’ll be assigned a dedicated claims consultant. They’re there to understand your situation and what they can do to support you when making a claim.
Why choose TAL as your Life Insurance provider?
What other insurance can I include in my TAL life insurance plan?
Total Permanent Disability Insurance
Gives you options to help you live a better quality of life if you are permanently disabled and can’t work.
Critical Illness Insurance
Means you have choices so you can still make the most of life if you have a serious illness.
Income Protection Insurance
Provides you with an income to help you continue living your life if you have an injury or illness and can’t work.