TAL Announces ‘Industry First’ Upgrade Initiative

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TAL has announced a new service that will allow eligible clients to upgrade their cover online without underwriting.

TAL's GM..., Niall McConville
TAL’s GM Retail Distribution, Niall McConville

Called Cover Upgrade Express, this initiative relates specifically to policy increases associated with the Guaranteed Future Insurability (GFI) feature in TAL’s Accelerated Protection product range.

TAL’s General Manager, Retail Distribution, Niall McConville, said the new service allows clients to upgrade their cover online without underwriting and take advantage of the GFI benefit feature of their policy:

“What makes TAL’s Cover Upgrade Express unique in the market is that there is no paperwork,” said McConville. He added, “Most importantly, clients are notified of their eligibility at policy renewal time and can action their upgrade without new evidence of health or pastimes.”

What makes TAL’s Cover Upgrade Express unique … is that there is no paperwork

In advocating that this service provides an easy way for advisers to look after their existing clients, McConville said “Advisers know the lives of their clients change and evolve, as do their insurance needs. This is an efficient service for advisers, cutting out additional paperwork for advisers and their clients.

“We appreciate the relationship between an adviser and a client is unique. What is right for one client might not necessarily be the best service proposition for another. Advisers are in the driver’s seat when it comes to which of their clients will benefit from the self-directed model of Cover Upgrade Express,” he added.

McConville said TAL’s Cover Upgrade Express is the latest initiative within the ongoing TAL Commitments program, and will be available for eligible Accelerated Protection Policy customers under 55 years of age.



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2 COMMENTS

  1. The obvious question is will TAL pay FYC & Renewal on business initiated by clients with or without adviser input
    Secondly, will ASIC insist on a full 20 page SOA
    Thirdly the over 55s are cut out, just when they bought that new home after the kids ( hopefully ) have left the nest

    • Good questions Old Risky cannot wait to get an answer ?? I assume as there is no underwriting, no advice being given, it will simply pass by under the good “ol” General advice only option. ??? Don’t hold your breath on getting paid on any increase even if technically the client is yours { or your licensee’s} not theirs

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