Life Insurance
Providing for your loved ones when you are gone.
What is Life Insurance?
Life insurance is a way for you to financially provide for your loved ones, should you die in an accident or from an illness. It protects the people who depend on you financially to look after them. If your family relies on your income, Life Insurance can help make sure your family’s home and lifestyle are secure if something was to happen to you.
With access to the funds they need, your loved ones can cover their long-term costs including rent, mortgage, education, medical and grocery bills, giving them financial peace of mind during a very difficult, emotional and stressful time.
Life Insurance with TAL
TAL life insurance is designed to be flexible to meet the needs of you and your family, as you progress through major life events like getting married, having children and purchasing a home. It can include discounts if you maintain a healthy lifestyle and a range of benefit options to make sure you are covered no matter what life brings.
Key features & benefits
Death benefit
Lump sum payment paid to your Nominated Beneficiary or the Policy Owner if you pass away. You can get a quote online for cover ranging from $100,000 to $1.5 million. For a higher level of cover, please call us on 131 825 or speak to your Financial Adviser.
Child’s Critical Illness benefit
TAL’s Life insurance includes a built-in Child’s Critical Illness Benefit, which protects kids between two and 19 (at their next birthday) if they suffer a specified critical illness event. Cover of up to $10,000 is available without underwriting.
Terminal Illness benefit
If you’re diagnosed with a Terminal Illness and have less than 12 months to live, TAL offers early payment of your full benefit amount, providing financial support for you and your family straight away.
Future Insurability benefit
This built-in benefit lets you increase your cover by up to $200,000 without underwriting if you experience a major life event, including getting married, having a child or taking out a mortgage.
Award-winning life cover with exclusive rewards and flexibility
Easy application process
Apply online or over the phone.
Premium discounts for maintaining healthy lifestyles
Our programs, TAL Health Sense & TAL Health Sense Plus offer you premium discounts for maintaining a healthy Body Mass Index (BMI) and taking preventative screening tests.
Flexible payment options
You can choose to pay your premium monthly, quarterly, half-yearly and yearly.
12 months of cover for the price of 11
Pay your premiums annually and enjoy the 12th month free of charge.
Tailored coverage levels
Customise your level of cover to suit your needs and your loved ones lifestyle.
Bundle your policies
Choose from a variety of optional covers for increased protection.
Resources
How does Life Insurance work?
Life insurance offers important financial protection for your family and dependents by providing them with a lump sum payment if you die or are diagnosed with a terminal illness and have less than 12 months to live. It provides worldwide cover 24 hours a day and all Australians aged between 19 and 74 (age at next birthday) can apply for Life Insurance.
Life insurance is not a savings product. No refunds are provided when the plan ends, and it does not accumulate a cash value. Like other insurances, the premium you pay provides protection if the insured event happens.
Learn more about life insurance in the video below.
Why choose TAL as your Life Insurance provider?
We’re encouraging healthy lifestyles
What benefits does Life Insurance include?
Not all benefits, options and sum insured levels are available online.
What other insurance can I include in my TAL life insurance plan?
TAL Accelerated protection has a range of Insurances you can include in your life insurance plan
Total and Permanent Disablement Insurance
Gives you options to help you live a better quality of life if you are permanently disabled and can’t work again.
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.
Download the PDS
Everything you need to know about TAL Accelerated Protection
How to apply
Apply for life insurance with TAL.
Am I eligible for Life Insurance?
To be eligible for TAL life insurance, you need to meet a few simple criteria.
- The first is age - you need to be between 18 and 73 to start a new policy.
- The next is citizenship or residency. You’ll need to be an Australian citizen or permanent resident or a New Zealand resident living permanently in Australia to be eligible. There’s usually no medical assessment required.
4 steps to apply for Life Insurance with TAL
1. Get a Quote
Use TAL’s online Coverbuilder to get a quick and easy quote.
2. Chat with Us
One of our consultants will be in touch to help you choose the right cover for you.
3. Check the Details
Review your quote and the Product Disclosure Statement. Customise your policy by adding extras and tailoring your premiums.
4. Confirm and Pay
Once you’re happy, you’ll confirm and pay. You’ll receive an email with all the details - save this to your files. You’re now covered!