As our industry moves forward after a transformative time, we are still just as committed to supporting your business and providing your clients with valuable protection.
With this in mind, we are making a number of important premium changes for new applications only from 2 May 2022, while ensuring there are minimal impacts on your business.
The changes will result in premium adjustments across stepped and level premiums on Term, Total Permanent Disability and Critical Illness benefits from 2 May 2022. There are no changes to Income Protection premiums.
The impact of these changes will vary depending on your client’s individual circumstances, as they take into account a variety of factors such as your client’s age, BMI and the products they are applying for.
Most premium adjustments will improve pricing for customers, however, to support you through this period of change, we will provide a 30-day transition period for both existing quotes and applications not yet submitted for your clients.
To get a better understanding of the premium changes for your clients, we recommend you visit 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).
Transition key dates
Quotes generated prior to 2 May 2022 must be submitted by 31 May 2022. Beyond this date, quotes and incomplete or unsubmitted applications will expire and a new request must be created via the TAL Adviser Centre.
All submitted applications (and applications in suspense) will retain the quoted premium as submitted (subject to underwriting review).
Please note that all tele-interview applications with quotes generated prior to 2 May 2022 must be submitted by 31 May 2022.The tele-interview may be completed after this date.