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TAL Life Insurance Review

With TAL life insurance, you can get a comparatively high funeral benefit of $25,000 and there's no maximum cover limit. TAL lets you add total & permanent disability, trauma or child cover to your policy if you wish - most of the 19 brands we reviewed don’t offer all 3 add-ons.

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Our verdict

  • Award-winning provider for customer satisfaction
  • Highly commended for quality of cover - 2023 Finder Awards
  • Choice of getting cover with an adviser or directly with TAL
  • Wide range of cover types offered, which can be bundled to suit your needs
  • Premium rates can be changed at any time (applicable to all policies)
  • Policy fee applies on top of premium

Maximum Cover

No set limit

Maximum Age

73

Total & Permanent Disability Cover

Trauma Cover

Compare key features of TAL life insurance and get a quote today

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
TAL Accelerated Protection Life Insurance
No set limit
73
Not stated
Data not available
1 months
$249,285 million
Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).

⭐ Current offer: Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. Offer T&Cs on insurer website apply.
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Get the latest deal from TAL Life Insurance

Deal

Up to 15% off your TAL Life, Critical Illness or TPD insurance policy

Applicable for the life of your policy if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. T&C’s apply.
Adelaide Moore

As part of their life insurace plan TAL offer a benefit of up to $10,000 in the event one of your children are diagnosed with a critical illness. They are the only provider we have compared to offer this inclusion making it a great option for extra coverage for those with kids.
— Adelaide Moore, Producer at Finder

Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

Compare direct life insurance brands below

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
Finder AwardBonus
NobleOak Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: Finder Life Insurance Award winner for the last 5 years in a row. Good value for money, simple application process and a high claims acceptance rate.

⭐ Current offer: Get two months free on all cover types apply by 14 June 2024. T&Cs apply.
Medibank Life Insurance
$2,500,000
70
$2,500,000
Data not available
Data not available
Data not available
Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. Get a 10% discount if you're already a Medibank Health Insurance member.

⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 1 July 2024. T&Cs apply.
TAL Accelerated Protection Life Insurance
No set limit
73
Not stated
Data not available
1 months
$249,285 million
Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).

⭐ Current offer: Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. Offer T&Cs on insurer website apply.
RACWA Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: RAC’s maximum death cover limit of $25 million is one of the highest limits you’ll find, including $5 million in TPD insurance. You can get an online quote, but you’ll need to call RAC to get trauma cover. Benefit from added peace of mind with fully underwritten insurance. RAC is also WA-based but services all of Australia.

⭐ Current offer: Get two months free when you apply for two or more RAC Life Insurance covers by 30 June 2024. T&Cs apply.
ahm Life Insurance
$1,500,000
55
$1,500,000
Data not available
Data not available
Data not available
Our verdict: ahm offers a simple application process. You can be approved online or over the phone. There are no medical or blood tests needed.

⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 1 July 2024. T&Cs apply.
AAMI Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams.

⭐ Current offer: Take out a new AAMI Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Suncorp Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: Competitive maximum cover limit of $1.5 million. Suncorp lets you change your cover amount by up to $100,000 after a big life event, such as having a baby.

⭐ Current offer: Take out a new Suncorp Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Real Family Life Cover
$1,000,000
64
$1,000,000
88.90%
2.4 months
$53,238 million
Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams. But households with larger debts may need more than a $1 million payout.

⭐ Current offer: Get back 10% of the premiums you’ve paid after 1 year.
HCF Life Protect Insurance
$1,500,000
65
$1,500,000
Data not available
Data not available
Data not available
Our verdict: Similar cover to other insurers ($1.5 million). A good discount for HCF members of 10% and an easy initial quote process.

⭐ Current offer: Eligible HCF Members receive 10% premium discount and HCF Thank You rewards.
Zurich Ezicover Life Insurance
$1,500,000
69
$1,500,000
98%
3 months
$24,495 million
Our verdict: Good if you want a cheap policy from a well-regarded insurer – its 98% claims acceptance rate is higher than any other provider on Finder. Zurich keeps things simple: unlike others, it doesn’t go in for optional add-ons such as TPD or trauma cover.

⭐ Current offer: Policy discounts include 10% off for your partner if you sign up for a joint policy. You can also get 5% off income protection if you buy it alongside your life cover.
Insuranceline Life Cover
$1,500,000
65
$1,500,000
90.10%
3.1 months
$37,768 million
Our verdict: Insuranceline pays a lump sum of up to $1.5 million. Once your cover’s in place, you can increase it after a big life event, such as having a baby, without further medical assessment.

⭐ Current offer: Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.
Guardian Life Insurance
$1,500,000
64
$1,500,000
88.90%
2.4 months
$53,238 million
Our verdict: Competitive cover limit of $1.5 million. You can add children’s cover of up to $50,000 – most policies don’t include this option.
RACQ Life Insurance
$1,000,000
65
$1,000,000
97%
Data not available
Data not available
One of just 4 insurers to offer children’s insurance. Get cover of up to $50,000 for 7 serious illnesses. RACQ offers 3 ways to save on life insurance: RACQ members get 10% off when buying online. There’s a 5% joint policy saving. Plus you could score 10% off your premiums if you achieve Silver status with AIA Vitality. You can apply for cover online or over the phone.
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What products are offered by TAL?

TAL offers 3 core types of life insurance products to its customers: life insurance, critical illness insurance and total and permanent disability insurance. Its policies fall under TAL Accelerated Protection and can be bought through an adviser or directly through TAL.

TAL also lets you tailor your policy to suit your needs by either choosing a standalone policy, choosing one or more policies and then adding benefits and linking to other plans, or choosing to structure your life insurance through a superannuation plan.

Read a more detailed review on:

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Life insurance

Accelerated Protection life insurance will pay out a lump sum in the event of the policyholder's death or the diagnosis of a terminal illness. The main purpose of this type of cover is to help provide for your family after your death and to take care of your family's finances so they can focus on dealing with their loss.

TAL Accelerated Protection life insurance includes the following features and benefits:

  • Death benefit: This is a lump-sum payment of the nominated benefit amount if the life insured dies.
  • Terminal illness benefit. The nominated benefit amount can be paid out early if the policyholder is terminally ill and not expected to live longer than 12 months.
  • Advanced payment benefit: 10% of the benefit amount (up to a maximum of $25,000) can be paid in advance to help your family deal with day-to-day finances.
  • Repatriation benefit: The advanced payment limit is increased to $35,000 if the policyholder dies overseas.
  • Inflation protection benefit: Your cover automatically increases every year in line with the Consumer Price Index.
  • Premium freeze benefit: Your premiums stay the same by reducing your cover each year. This is available on stepped premium policies only and only after the policyholder's 30th birthday.
  • Guaranteed future insurability benefit: This means you'll be able to increase your cover after significant life events (for example, getting married or having a baby) without having to provide additional health information.
  • Other benefits: These include a financial planning benefit, a grief counselling benefit and a child's critical illness benefit.

TAL also offers the following optional benefits:

  • Premium relief option: This option lets you waive your premiums if sickness or injury means you are unable to work for at least 3 months.
  • Business insurance option: This option lets you increase your insurance without providing additional health information after a valid business event, such as an increase in your share of business ownership or an increase in the level of a business loan for which you are a guarantor.

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Critical illness insurance

TAL Accelerated Protection critical illness insurance pays out a lump sum if you are diagnosed with a specified medical condition like cancer or have a heart attack or stroke. The benefit will be paid even if you're still able to work. There are 2 types of plans available: Standard and Premier.

Some of the key benefits of the Premier plan include the following:

  • Advancement benefit: This benefit provides cover for immediate expenses if a certain event happens – for example, if you lose hearing in one ear or are diagnosed with partial Alzheimer's disease.
  • Female critical illness benefit: This benefit will be paid for conditions like pregnancy complications and congenital abnormalities.
  • Needlestick benefit: This benefit is available if you work in certain occupations and suffer occupationally-acquired hepatitis B or C.

Benefits featured in both the Standard and Premier critical illness insurance plans include the following:

  • Critical illness benefit: This benefit is a lump-sum payment of up to $2,000,000 for a range of conditions, such as heart attack, stroke, dementia, blindness, cancer and kidney failure.
  • Paralysis support benefit: The lump-sum payment is doubled to a maximum of $2,000,000 if the policyholder becomes paralysed.
  • Death buy-back benefit: You can repurchase your life insurance after the payment of 100% of the critical illness benefit, paralysis support benefit or TPD benefit (if applicable). This benefit only applies if critical illness insurance or TPD insurance (if applicable) is attached or linked to life insurance.

Optional benefits on critical illness insurance plans include the following:

  • Critical illness reinstatement benefit: This lets you repurchase your critical illness insurance after you've been paid a critical illness benefit, advancement benefit, needlestick benefit or female critical illness benefit.
  • Double critical illness option: When critical illness insurance is attached to life insurance, this benefit means that payment of the critical illness benefit will not reduce your life insurance and future premiums will be waived.
  • Premium relief option: This option lets you waive your premiums if sickness or injury means you are unable to work for at least 3 months.
  • Business insurance option: This option lets you increase your critical illness insurance without medical underwriting after a valid business event, such as an increase in your share of business ownership or an increase in the level of a business loan for which you are a guarantor.

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TPD insurance

TAL Accelerated Protection TPD insurance pays a lump-sum benefit if you are totally and permanently disabled. The benefits of this type of insurance include the following:

  • TPD benefit: A lump-sum payment of up to $3,000,000 if you become totally and permanently disabled.
  • Accommodation benefit: TAL will reimburse the cost of accommodation for your immediate family member of up to $250 per day if the policyholder is confined to bed more than 100km away from home.

TAL's TPD insurance policies also feature the following optional benefits:

  • Death buy-back option: You can repurchase your life insurance after the payment of 100% of TPD insurance. This is only available when TPD insurance is linked to life insurance.
  • Double TPD option: Available when TPD insurance is attached to life insurance, this benefit means that payment of the TPD benefit will not reduce your life insurance and future premiums will be waived.
  • Premium relief option: This option lets you waive your premiums if sickness or injury means you are unable to work for at least 3 months.
  • Business insurance option: This option lets you increase your critical illness insurance without medical underwriting after a valid business event, such as an increase in your share of business ownership or an increase in the level of a business loan for which you are a guarantor.
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Age eligibility

Accelerated Protection PlanEntry age
Life coverBetween 18 and 73
Income protection coverBetween 18 and 59
TPDBetween 18 and 61
Critical illness insuranceBetween 18 and 61

You must also be an Australian resident to apply.

See how TAL's claim acceptance rate stacks up against other life insurers

This is the percentage of claims a life insurer pays out. It's based on data from Australian Prudential Regulation Authority (APRA) covering the 12-month period from 1 July 2022 to 30 June 2023.

What are some of the key exclusions of TAL?

This will depend on the policy – below are some of the exclusions you will find. Note: this is not an exhaustive list and we'd recommend you read each policy's product disclosure statement (PDS) so that you know what you'll be insured for.

Exclusions under the Accelerated Protection plan

A number of general exclusions apply to each Accelerated Protection policy from TAL. Your Critical Protection life insurance claim will not be paid if the claim is caused by an intentional self-inflicted act by the life insured within the following time frames:

  • Within 13 months of the policy start date
  • Within 13 months of cover being increased (but only in respect to that increase)
  • Within 13 months of the policy being reinstated

No Accelerated Protection critical illness insurance claim will be paid in the following situations:

  • It is caused by an intentional self-inflicted act by the life insured
  • The condition was diagnosed or became apparent within 3 months of the policy starting or of cover being increased or reinstated (this exclusion does not apply to all critical illness events)
  • The life insured does not survive for at least 14 days following the critical illness event

Your claim under Accelerated Protection TPD insurance will not be paid in the following situations:

  • It is caused by an intentional self-inflicted act by the life insured

Other specific exclusions apply to income protection, so read the Accelerated Protection PDS for more information.

Why you can trust Finder's life insurance experts

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We're here to help

Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Frequently asked questions about TAL life insurance

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