Understanding life insurance
What do I need to know?
Life insurance helps protect your loved ones financially if you pass away—covering things like mortgage repayments, education costs, funeral expenses, and outstanding debts. It also replaces lost income, helping ensure your family can maintain the future you’ve planned for them.
Why TAL life insurance?
Insurance features & benefits
TAL Accelerated Protection has a range of features and benefits you can choose from.
Built by you, for you
Tailor your cover to suit your individual needs, an insurance plan designed by the person who knows your life best: you.
24/7 grief counselling
24/7 access to dedicated grief support.
$4.7 billion in claims paid in FY 2024/2025*
TAL's claims and health team help with more than just payments: get support from them throughout your recovery.
Understanding the basics
Learn what life insurance is, why it matters, and get familiar with key terms and FAQs to build a solid foundation.
What is life insurance and how does it work?
Each insurance protects your life in a different way. Find out about the different types of insurance you may need to help you live the life you’ve planned.
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TAL’s Accelerated Protection Life Insurance
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What is Life Insurance?
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What is Income Protection?
Exploring your options
Compare cover types and explore how different policies like income protection or critical illness insurance can support your needs.
Things you should know
*Claims statistics based on total claims paid under TAL Life Limited and TAL Life Insurance Services Limited insurance products (including funeral insurance) between 1 April 2024 and 31 March 2025.
Any financial product advice provided on this page is general in nature and does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD). The PDS and TMD can be obtained from TAL's website or by calling 1300 345 620.
Life Insurance is issued by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life). TAL Life is part of the TAL Dai-ichi Life Australia Pty Ltd ABN 97 150 070 483 group of companies (TAL). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) refers customers to TAL, but does not guarantee the insurance.
By selecting 'Explore cover options' you will enter a third-party site hosted by TAL. Any personal information you provide to TAL will be collected, used and disclosed in accordance with TAL's Privacy Statement and Privacy Policy available on their website.
If you purchase Life Insurance with TAL the Bank will receive a commission of 10% of the premiums (exclusive of GST) for the period you continue to hold a policy.
If you would like help deciding whether life insurance is right for you we recommend speaking to a financial adviser.
Westpac's Privacy Statement is available at westpac.com.au/privacy/privacy-statement or by calling 132 032 8am - 8pm Sydney time, 7 days. It covers:
- How you can access the personal information Westpac holds about you and ask for it to be corrected;
- How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Westpac and how Westpac will deal with your complaint; and
- How Westpac collect, hold, use and disclose your personal information in more detail.