TAL Accelerated Protection Income Protection Insurance

TAL offers three levels of Income Protection with its Accelerated Protection product: 'standard', 'premier' and 'optimal'. Optimal cover is a standardised plan in which you will receive a fixed monthly benefit for a fixed length of time depending on the cause of your disability, as set out in the policy. Standard and premier plans allow you to customise your cover to meet your specific needs and budget.

With TAL's standard and premier Income Protection Insurance you can choose your benefit and waiting periods. You can insure up to 75% of your income with a maximum of $30,000 per month if you choose a benefit period of five or more years. The maximum benefit can be much higher if you have a shorter benefit period, but will still be dictated by the amount you are earning. If you buy an indemnity policy you may be able to claim less money if your income falls after you take out the Income Protection cover.

Accelerated Protection Income Protection Insurance standard and premier level policies have a built-in death benefit of up to $50,000, as well as some generous extra features to improve your quality of life, such as 'housekeeper' and 'family support' benefits which enable you to pay someone for taking care of you while you recover. The premier policy includes even more extras, like reimbursement of travel costs if you are injured or taken ill overseas, and payments towards the cost of a rehabilitation program to help you get back to work.

You can customise your Income Protection Insurance even further by adding optional extras like 'needlestick benefit' for medical professionals; or 'retirement protection' so you can keep growing your savings while you are unable to work.

For full details of the TAL Accelerated Protection range of life insurance products you can download the Product Disclosure Statement here.