TAL Accelerated Protection Life Insurance
TAL's Accelerated Protection Life Insurance product exists to ensure your family could survive in financial comfort if you die. Life Insurance provides a lump sum payment to your family which can be used to protect their lifestyle and future. The payment can be used for any purpose including to pay off the mortgage on your family home, to pay your children's education costs or to protect your spouse's retirement fund.
Although a claim on your TAL Life Insurance policy may take a short while to process, an 'early payment' feature means that your family may be able to receive up to $25,000 in advance benefits to cover up-front costs like funeral or medical expenses. This amount increases to $35,000 if you die overseas, to help with repatriation costs. You may also be eligible for early payment of your Life Insurance benefit if you are diagnosed with a terminal illness.
Your Accelerated Protection Life Insurance policy offers you cover up until the age 100, or 75 if you buy it through your superfund. You can insure any 'financially justifiable' amount and you can apply for a policy any time up until the age of 75.
You can buy your Accelerated Protection cover as a series of standalone policies or as a package, with additional types of insurance attached as benefits to your Life Insurance cover. Bundled options offer lower premiums, but they do mean that if you claim under one policy the benefits (and premiums) on your remaining insurance elements are likely to be reduced. You can also link your policies together, with some benefits held within your superfund and others held direct.
For policies held outside of a superfund there are a number of standard benefits offered with your life insurance, including $10,000 of child critical illness cover, and additional payments to cover the costs of grief counselling and financial planning advice.
For full details of the TAL Accelerated Protection range of life insurance products you can download the Product Disclosure Statement here.
Contact a 1300 Life Insurance Advisor Today
1300 Life insurance have access to the full range of Life Insurance available from all Australian life insurance companies. Our advisors use sophisticated analysis to evaluate the features and benefits of each product against your own needs. Our duty of care is to always act in your best interest. We will:
- Assess your needs
- Make an unbiased recommendation
- Provide you with a written statement of advice
- Ensure your cover is properly implemented
If your interested in Life Insurance, please complete an enquiry form and our advisers can get in touch with you. Alternatively you can also phone 1300 543 346 during business hours.