TAL Life Insurance

TAL Life Insurance products are all offered under their Accelerated Protection Plan. Please refer to the Product Disclosure Statement for further detail.

Overview

Life Insurance cover pays a lump sum in the event of death or diagnosis of a terminal illness and can be used to pay off any debts and or invested to provide for family and loved ones. The amount paid by TAL depends on the Benefit Amount chosen.

Built-in Benefits

The following benefits are built into TAL’s Life insurance plan:

Death Benefit
A lump sum payment if the Life Insured dies.

Terminal Illness Benefit
Early payment of the Benefit Amount if the Life Insured is diagnosed as terminally ill and expected to not survive longer than 12 months.

Advanced Payment Benefit
An advanced payment of 10% of the Benefit Amount, up to a maximum of $25,000 as soon as TAL receive the death certificate or medical certificate confirming death of the Life Insured.

Inflation Protection Benefit
An annual automatic increase to your cover in line with Consumer Price Index, or not less than 5%.

Premium Freeze Benefit
Your premiums stay the same by reducing your cover each year. This is available from the Life Insured’s 30th birthday on stepped premium policies only.

Guaranteed Future Insurability Benefit
Increase your cover without providing additional health information after significant life events such as marriage, having a baby or taking out a mortgage for your own home.

Financial Planning Benefit
TAL will reimburse up to $1,000 for professional financial planning advice if you receive a claim payment.

Accommodation Benefit
Accommodation costs of an immediate family member will be met, up to $150 per day and for a period of up to 14 days, if TAL pay the Terminal Illness Benefit and the Life Insured is Bed Confined more than 100km away from home.

Benefits at additional costs

The following benefits are available at an additional cost: Premium Relief Option

TAL contact number – 1300 209 088

TAL Product Disclosure Statement – PDS

TAL website – www.tal.com.au