TAL Lifetime Protection TPD Insurance

Receive a quote for up to $1.5 million in TPD cover from TAL Lifetime Protection.

Looking for a flexible TPD policy that covers your needs? Consider a policy from TAL Lifetime Protection.

Get a TPD quote securely from TAL Lifetime Protection

Maximum cover amount$1,500,000
Age of entry18 - 59
How do I apply?Online with the insurer
What can I cover?
  • Accidents
  • Illnesses
  • Sports injuries

The events you are covered for depends on how you structure your policy.

ProsCons
  • Pause cover in the event of financial hardship for up to 3 months.
  • Premium rates may change
  • Structure disability cover to protect a various number of events.
  • Choose Own or Any Occupation type cover.

Note: Conditions apply, always consult the Product Disclosure Statement (PDS)

What features are offered?

  • Total Permanent Disability (TPD) Benefit. TAL Lifetime Protection TPD Insurance pays a lump sum benefit of up to $1.5 million if you are never able to work again due to an injury or illness. Any occupation and own occupation definitions of disability are available.
  • Choose your cover. You can choose whether you want your TAL Lifetime Protection TPD Insurance policy to include Accident Cover, Illness Cover, Adventure Sports Cover or a combination of all three. Accident Cover provides a benefit if you become disabled as a result of an accident, Illness Cover provides a benefit if you can never work again as a result of illness, and Adventure Sports Cover provides a benefit if you can no longer work as a result of an accident while undertaking an adventure sport.
  • Inflation Protection. Inflation Protection is designed to ensure that your level of cover increases in line with the rising cost of living. It increases your level of cover by the Consumer Price Index or 5%, whichever is greater, each year.
  • Future Life Events. You have the freedom to increase your level of cover without having to provide evidence of your health or pastimes when specific life events occur, for example if you get married, get divorced or start a family.
  • Cover Pause. If you are experiencing temporary financial hardship, you can pause your TAL Lifetime Protection TPD Cover for up to three months. You can then resume cover without having to undergo any health or lifestyle assessments all over again. Conditions apply, see the Product Disclosure Statement (PDS) for details.

What options are can be added?

  • Life Buy Back Option. If you have bundled your TPD Cover with your TAL Lifetime Protection Life Insurance Cover, any claim paid for TPD will reduce your level of Life Insurance Cover by the same amount. However, the Life Buy Back Option allows you to buy back the amount of Life Insurance that has been reduced.This extra-cost option allows you to reinstate your Life Insurance Benefit to its former level.
  • Premium Relief Option. Under this extra-cost option, your TPD Insurance premiums will be waived if you are unable to work for at least three continuous months due to an accident or illness.

How much will it cost?

The cost of TAL Lifetime Protection TPD Insurance is influenced by a range of factors, including:

  • Your age. The older you are, the higher your premiums will be.
  • The level of cover. The higher the sum insured, the more you will have to pay for cover.
  • The options you select. Adding extra options to your policy will increase the cost of premiums.
  • Whether you hold more than one type of cover. You can expect to pay more for both TPD and Life Cover than if you only hold standalone TPD Insurance.
  • Your smoking status. Smokers are exposed to a much wider range of health risks and therefore have higher premiums.
  • Your overall health. The better your overall health (at the time of application) the lower your premiums.
  • Your occupation and pastimes. If your personal pastimes or occupation put you at higher risk of illness or injury, this will be reflected in your premiums.

When will a benefit be paid?

TAL Lifetime Protection TPD Insurance pays a lump sum benefit when you are unable to work again due to injury or illness. Depending on your occupation, you can choose:

  • To be covered if you are unable to work in any occupation for which you are qualified by education, training or experience (any occupation); or
  • To be covered if you are unable to work in the occupation you were working in immediately prior to the sickness or injury causing disability (own occupation).

When won’t a benefit be paid?

If you select standalone TPD Cover, no benefit is payable unless you survive for at least 14 days after the illness or injury that caused the total and permanent disability. In addition, no benefit will be paid if the claim is caused directly or indirectly by an intentional, self-inflicted act.

Other exclusions may apply depending on the type of cover you select. For example, if you select Accident Cover only, no cover is payable if you are unable to work as a result of:

  • Illness
  • Any mental health-related illness
  • A sports injury or other dangerous pastime

If you select Illness Cover only, no claim will be paid if you are unable to work due to:

  • Accidental injury
  • A sports injury or other dangerous pastime

Maurice Thach

An insurance researcher and writer for finder.com.au who loves finding an answer to the question "Am I covered for ________?" Maurice has also completed a Tier 1 Life Insurance and a Tier 2 General Insurance Certification under ASIC's Regulatory Guide 146. This means he can confidently provide general advice for life insurance and non-life insurance products.

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