TAL has released a new Product Disclosure Statement, mostly updating life insurance options inside super.
In a message to advisers, TAL notes that from 1 July 2016 its flagship Accelerated Protection product range offers ‘…more flexible options to structure TPD insurance in super, so you can meet the changing needs of your clients.’
The headline change in this update sees the insurer now making its Stand-Alone TPD product available through the TAL Super Fund.
Other changes/enhancements include:
- The ability for TAL’s Superlink TPD offer to now allow the cancellation of an Own Occupation TPD policy outside super, while retaining the Any Occupation TPD policy inside super
- A new option on TAL’s quotation software providing the ability to show commission breakdown by life insured and policy, in addition to benefit
- Accommodation for the stamp duty rate for life insurance premiums in the ACT reducing from 2% to 0%
TAL is directing advisers to its Forms and Documents web page to access the 1 July 2016 versions of its Accelerated Protection PDS, Policy Document, Adviser Guide and other forms and documents.
Adviser Webinar
Coinciding with the release of the new PDS, TAL is conducting a national adviser webinar on Thursday 21 July at 11.00am AEST. Under the theme of: The Latest in TPD Insurance Advice, particularly as it relates to small business clients and clients running self managed super funds, advisers can click here to learn more or click here to register.
