TAL Life Insurance

TAL's Accelerated Protection is a flexible life insurance product for Australians, covering Life Insurance, Income Protection, Critical Illness, and Total Permanent Disability (TPD). It offers various features such as interim cover during assessment, inflation protection, and financial planning support while excluding certain situations like suicide within 13 months and self-inflicted injuries.¹

TAL Accelerated Protection – Flexible Life Insurance for Australians

Included Benefits²

• Financial Planning Benefit: Reimburses up to $5,000 for professional financial advice after a benefit is paid.
• Grief Support Benefit: Pays up to $1,000 for grief counselling services for immediate family following a claim.
• Premium Freeze Benefit: Allows you to freeze your premium at its current dollar amount, with cover reducing over time.³
• Guaranteed Future Insurability: Lets you increase your cover after certain life events (e.g., marriage, having a child) without new medical underwriting. However, this may not be available in every case, such as if a premium loading or exclusion for certain health conditions has been applied to your policy.

Claims and Exclusions

• Claims must meet specific definitions and severity thresholds.
• Exclusions include suicide within 13 months of starting or increasing your cover, self-inflicted injuries, war, criminal acts, non-disclosure and specific exclusions listed in your personal Policy Schedule (such as exclusions relating to health conditions disclosed in underwriting, or high-risk activities).
• Claims are assessed based on a range of different types of evidence, including medical, financial, and occupational evidence.
• For a full list of conditions and exclusions, please read the PDS

Premiums and Policy Ownership

There are two premium options available,  Variable Age-Stepped Premium and Variable Premium:

Variable Age-Stepped Premium means that the premium is calculated based on your age and the length of time you hold the policy. Variable Age-Stepped Premiums generally increase at each policy anniversary as you get older and can also increase with the length of time you hold your policy.

Premium increases generally become larger as you get older.

Alternatively, Variable Premium means that the premium is based on age when you start the Policy. Although, any increases to your cover from the Inflation Protection Benefit or requests to increase by you will be priced based on age at the date of the increase and will generally have a higher premium rate than the original cover. The premium will change to variable age stepped premium on the policy anniversary before age 65 or 70, depending on the policy.

The yearly cost of Variable Age-Stepped Premiums will generally be lower than Variable Premiums but may become higher than Variable Premiums in later years. Both Variable Age-Stepped Premiums and Variable Premiums can change, for example when:

• you make a change to your Policy;
• a discount no longer applies or changes;
• government duties or charges change; or
• the insurer changes the premium rates or Policy fee.

For both premium options we will also provide you with Inflation Protection, which increases your cover amount each year to keep pace with the cost of living. Your premium will also increase with this. You can remove Inflation Protection by calling us.

We provide more information about premiums and how they work in the PDS.

• Ownership Structures: Individual, joint, company, trust, or superannuation.  
• Cooling-Off Period: 30-day full refund if you cancel and haven’t claimed. 

Applying for Cover

• You must be an Australian citizen, permanent resident, or hold an eligible visa to apply. 

• Individuals aged 19 to 74 at the time of application can apply depending on the type of cover selected. Some benefits may have different entry age ranges, expiry ages, and eligibility criteria. 
• Online applications only support individual ownership and Variable Age-Stepped policies. For all available options including higher cover limits, please complete your application over the phone. 

When you apply, we conduct a process called underwriting. This is how we determine whether we can offer you cover, and if so, on what terms and for what premium. As part of the underwriting process, we’ll ask questions about your personal circumstances, including but not limited to your: 

• health and medical history; 

• occupation and income; 

• lifestyle and pastimes; and 

• current and past insurance arrangements.

It’s important to answer all questions honestly and completely. The information you provide plays a vital role in our assessment.

If you leave something out or even give a partly true answer, your cover could be changed, cancelled, or treated as if it never existed and a claim may be denied or reduced.