The latest series of Accelerated Protection has launched

Our latest series of Accelerated Protection has now launched, evolving our products to continue to provide quality options and value for your clients.*

Our new product, Income Protection Extend is now available and will complement our Focus and Enhance options to meet the diverse cover needs of your clients. It provides a long-term Benefit Period, with a flat replacement ratio for up to 70% of your client’s income.

With the launch of Income Protection Extend, we no longer offer Income Protection Assist for sale, streamlining our product options. We will continue to support existing Income Protection Assist customers under our Guarantee of Upgrade provision.

Please find below key information about the transition to the new series of Accelerated Protection, resources to support your client conversations and other important documents. 

For more in-depth information on this update, please join our upcoming webinar or reach out to your local Business Development Manager.

Income Protection products designed with affordability at their core

Income Protection Focus	Income Protection Enhance	Income Protection Extend
Providing maximum certainty in cover over a range of short-term benefit periods	Our most affordable long-term cover, designed to support the genuine needs of your clients^	Our new long-term cover option, offering a flat replacement ratio^
INCOME REPLACEMENT Up to 70% BENEFIT PERIOD 1, 2 or 5 years	INCOME REPLACEMENT Up to 70% BENEFIT PERIOD To age 65	INCOME REPLACEMENT Up to 70% BENEFIT PERIOD To age 65

Other Accelerated Protection updates

We have made a range of changes to our Income Protection, Total and Permanent Disability and Critical Illness products to support a stronger, positive customer experience.

To learn more about the changes to our flagship products, please download the latest Product Disclosure Statement (dated 5 August 2022) or the Accelerated Protection Change Summary.

• Download the latest Accelerated Protection Product Disclosure Statement
• Download the Change Summary for this series of Accelerated Protection

For the new series of Accelerated Protection, we have also updated our Lump Sum and Income Protection pricing for new business only. 

To get a better understanding of the premium changes for new clients, we recommend you login into the TAL Adviser Centre to create a quote, or please contact your Business Development Manager or our Adviser Service Team on 1300 286 937 – we’re available from 8:00am – 8:00pm (AEST).

To help support the transition to this new series, we will offer a 30-day transition period, learn more about the key transition dates below.

Join our product training sessions to learn more

To learn more about the Accelerated Protection changes, our new Income Protection Extend option and what they can offer your clients, join our upcoming webinar with key TAL experts, or reach out to your Business Development Manager.

Key dates for new business quotes and applications

• The date to generate new quotes for our previous series of Accelerated Protection (PDS dated 24 September 2021) has now passed.

• Quotes and completed applications (for quotes generated on or prior to 4 August 2022) must be submitted by 4 September 2022. Beyond this date, quotes and any incomplete applications will expire and cannot be resumed. Submitted applications will continue to be processed without changes.

New forms and resources are available on the TAL Adviser Centre

 In line with the new series of Accelerated Protection, updated forms and resources are now available on the TAL Adviser Centre.

Resources to support your client conversations

We have updated and introduced an extensive suite of resources to help support your client conversations. Including:

• Customer brochures: Outlining how each of our Income Protection options - Focus, Enhance and Extend - provide protection.
• Other resources: Key updates have been made to our flyers, brochures and forms, including the Adviser Summary
  

Explore these resources

*TAL’s Accelerated Protection Income Protection product has had the lowest cumulative inforce premium increase between 2015 and 2021 when compared with eight other leading life insurers.

^Additional criteria applies beyond two years and the benefit may change