Life insurance for families
Life insurance options for your growing family.
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Whether you’re just starting your family, adding to it, or your kids are already in school, life insurance can help ensure that you’ll be able to provide for them if life takes unexpected turns.
Types of insurance for families
Four main types of life insurance could benefit you and your family.
Life Insurance
Protects your family’s future and gives them options if you are no longer around.
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.
Critical Illness Insurance
Means you have choices so you can still make the most of life if you have a serious illness.
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.
Benefits of life insurance for families
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Peace of mind
As a parent, it’s natural to worry about your family’s well-being and future. Knowing your loved ones are covered if you were to pass away or be diagnosed with a terminal illness can give you the confidence that your life plans are protected.
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Financial security
You may have more than yourself and your partner to provide for now. Life insurance can support you when you’re ill or injured and unable to work so that you can keep up with the costs of raising a family like school or childcare fees, mortgage, clothes, and living expenses.
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Protection for one-income households
When you’re raising kids, the stay-at-home parent performs a lot of duties for free and if you had to pay someone else to do them, it could get expensive. Getting cover for you and your partner can help keep the home front protected if the unexpected happens.
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Child Critical Illness benefit
It’s something you never want to think about as a parent, however, being prepared can relieve a lot of pressure during a difficult time. TAL offers a child critical illness benefit of $10,000 for children aged between one and 18 as a standard part of life insurance.
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Flexibility
Your life insurance policy may be able to be updated at key stages in life without the need for medical tests. This means your cover can evolve with your growing family needs and changing circumstances. See the PDS for more information as to when it’s available.
Factors to consider when choosing life insurance for your family
When choosing Life Insurance and additional products like Critical Illness, Total and Permanent Disability (TPD) and Income Protection insurance, it’s important to take the time to find a policy that meets your family’s needs now and into the future.
How to apply for life cover with TAL
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Applying is easy—just follow these five steps:
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Check if you are both eligible – Each life insurance product has its own minimum and maximum age limits and citizenship or residency requirements. You can find the eligibility details for each product on TAL’s product comparison page.
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Get a quote – Use TAL’s online Coverbuilder to get a quick and easy quote.
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Chat with us – Talk to one of our consultants who can assist you with any questions you may have about the cover.
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Check the details – Review your quote and the Product Disclosure Statement. Customise your policy by adding extras and tailoring your premiums.
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Confirm and pay – Once you’re happy, confirm and pay your first premium and we’ll send you an email with the details. You’re all covered!
IMPORTANT NOTICE
Any financial product advice is general in nature only and does not take into account your objectives, financial situation or needs. Before acting on it, the appropriateness of the advice should be considered, having regard to your own objectives, financial situation or needs. If you are deciding whether to acquire or continue to hold life insurance issued by TAL, you should consider the relevant Product Disclosure Statement (PDS) before making any decisions about your cover. The Target Market Determination (TMD) for the product (where applicable) is also available. Life insurance issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848.
Terms and conditions under each insurance policy apply. The payment of a benefit is not guaranteed, as cover will only be payable if your circumstances meet the eligibility criteria in your policy.