Discover the latest Accelerated Protection
More options, more flexibility, more opportunity
We're pleased to announce the latest upgrade to our award-winning Accelerated Protection product series will be available from 19 October 2018, bringing you, your clients and their families more options and flexibility than ever before. Combined with greater efficiency thanks to the new TAL Adviser Centre, the refreshed Accelerated Protection means more opportunities to grow your business.
A host of improvements including clearer language, new and refreshed definitions, as well as enhanced benefits come together to ensure Accelerated Protection remains one of the strongest products in the market. And under our Guarantee of Upgrade, we're passing improvements back to existing clients.
Here are just some of the strong points.
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Pricing changes for new businessWe have reviewed our new business pricing to ensure we deliver even more ongoing value for you and your clients. These changes include lower new business premiums for Life and TPD, and improved pricing for customers who bundle their cover with us. As a result of the impact of higher claims cost and the current economic environment, we have increased premium rates on certain covers including Critical Illness and Income Protection. This is to ensure we can continue to provide long term value, and support our ongoing commitment to paying claims. Importantly, despite these increases we’re confident that our new business pricing continues to remain competitive for your clients. We would encourage you to speak to your local TAL sales team member for more detailed information on your clients’ individual circumstances. Also, please note the policy fee will be reinstated upon the introduction of the new series of Accelerated Protection. |
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Enhanced Critical Illness InsuranceWe've comprehensively reviewed our CI definitions with our in-house medical experts, to reflect the latest medical practice and to give you confidence in your recommendations.
Download our Adviser Product Summary – Critical Illness Download our Guide to Critical Illness Insurance (customer guide) |
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Total and Permanent Disability InsuranceWith more Australians working later in life, we've redesigned our TPD cover to reflect your clients' changing needs. To align to contemporary advice strategies, our new TPD now includes:
Download our Adviser Product Summary – Total and Permanent Disability Download our Guide to Total and Permanent Disability Insurance (customer guide) |
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Child's Critical Illness InsuranceWe've created more ways for Australians to protect their families with our new Child Critical Illness cover.
Download our Adviser Product Summary – Child’s Critical Illness
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Business Expense Insurance offer within Income Protection
Within TAL's Income Protection is a refreshed BEx option. We've removed complexity and created a unique solution for sole traders in particular.
Download our Adviser Summary – Business Expense Insurance option |
 TAL Health Sense: as simple as everOur popular Health Sense discount remains as simple as ever: no fees, ongoing tests or forms for you or your client. It's as easy as confirming your client's BMI falls between 19.0 and 28.0 – we'll apply the discount regardless of special underwriting terms for the life of the policy. The discount applies to lump sum cover premiums, and ranges from 5 to 15% based on the covers selected and their smoker status. Encouraging Australians to take care of their health is a key part of what we do and there are some big things underway at TAL that will help your clients do just that. Stay tuned for updates later this year.
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Underwriting changes and our new stand-alone Occupation GuideWe have made adjustments to some occupations and pastimes, reflecting our experience and the availability of cover in the wider market. Also, we've made it quicker and easier for you to find all of the information you need about our occupation information by creating a new stand-alone Occupation Guide which will be available online through the TAL Adviser Centre from 15 October 2018. Finally, keep an eye out for our brand new suite of underwriting tools for both pre-assessments and occupations schedules for launch in the coming months. |
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Stepped, level or a bit of bothThe new TAC enables greater flexibility in how you structure your clients' policies, ensuring cover can be matched to their budget and aligns with your advice strategy. On the TAC, you can:
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Commission dial-down enhancementsBringing more flexibility to your remuneration model, our commission approach has been enhanced to allow you to dial-down year-one remuneration separately to ongoing remuneration when hybrid commission is selected. The maximum premium discount remains at 30%. |
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Transition arrangements for new and existing businessOur transition period for submitting your new and existing business as a result of these changes runs from 18 October 2018 to 14 January 2019. You can read more about the changes and transition rules here. New PDS, Policy Document, Adviser Guide, Occupation Guide and Upgrade BookletUpdated forms and documents, including the Accelerated Protection PDS, Policy Document and Adviser Guide can now be accessed by clicking here.Please ensure you use the new forms for all business submitted on or after 18 October 2018. |
Questions?
If you have any questions or would like further information, please contact your local TAL sales team, or our Adviser Services Team on 1300 286 937 between Monday to Friday 8:00am - 7:00pm (AEST) or via email (acceleratedservice@tal.com.au)