Accelerated Protection Income Protection

Comprehensive cover options that balance flexibility and affordability

TAL Adviser Centre

Key Features

Up to 70% Income Replacement Ratios available
Long and short-term benefit periods
Cover for up to 100% of Super Contributions

Our Income Protection (IP) options have been designed to support your clients and help them get back to the life they love after illness or injury.

Our analysis found that 92% of IP claims last for less than two years, so our products offer a range of benefits periods, as well as different ways to provide extra support in those initial stages of a claim. *

Designed to support affordability, each option also features innovative, evidence-led product design with benefits that are targeted to those with genuine needs.

All the options are set out below or you can download our product summary below to learn more:

DOWNLOAD OUR ADVISER PRODUCT SUMMARY

Income Protection Insurance

Income Protection Enhance

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Income Protection Enhance

IRR UP TO
70%

BENEFIT PERIOD
Up to age 65
Our research shows that more than 95% of claiming customers are not impacted by additional conditions that apply after 2 years on claim.*

Our most affordable long-term option, IP Enhance was designed to provide cost-effective cover now and into the future. Built from our extensive research into historic IP claims – which showed only 8% extended beyond two years – IP Enhance works to support the needs of Australians.

In the first two years of a claim, IP Enhance provides your client’s full benefit amount if they’re unable to work in their Own occupation.

After two years, the Any occupation definition applies. Those who meet this definition and who are Seriously and Permanently Incapacitated will continue to receive 100% of their benefit amount. Those who are not Seriously and Permanently Incapacitated but remain Totally Unable to Work after two years will receive up to two thirds of their benefit amount if they meet the Any occupation definition. If your client’s condition deteriorates over time and they become Seriously and Permanently Incapacitated, the maximum benefit amount will be restored.
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Income Protection Assist

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Income Protection Extend

IRR UP TO
70%

BENEFIT PERIOD
To age 65

Our research shows that more than 95% of claiming customers are not impacted by additional conditions that apply after 2 years on claim.*

Offering comprehensive long-term cover to age 65, IP Extend allows your clients to cover up to 70% of their income for the duration of their benefit period, giving them increased certainty when they need it most.

Like IP Enhance, the Own Occupation definition applies for the first two years of the claim and changes to Any Occupation after that.

Income Protection Focus

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Income Protection Focus

IRR UP TO
70%

BENEFIT PERIOD
1, 2 or 5 years

Our short-term option, IP Focus covers up to 70% of income with a choice of a one, two or five-year benefit period.

There are no changes to eligibility conditions over the duration a of claim - Own Occupation applies throughout – so your clients have increased certainty of their benefit amount for the period they select.

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*ANALYSIS CONDUCTED AT 17 AUGUST 2020 AND BASED ON OVER 2,500 ACCELERATED PROTECTION INCOME PROTECTION CLAIMS WHOSE WAITING PERIOD FINISHED BEFORE 1 JULY 2015, TO ENSURE LONGER DURATION DATA WAS CAPTURED. ANALYSIS INCLUDES RESERVES FOR FUTURE PAYMENTS ON OPEN CLAIMS AT TIME OF EXTRACTION.

The award-winning Accelerated Protection product range

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