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Understanding life insurance

What do I need to know?

Find out how life insurance works and the ways it can help you protect the life you love.


Common life insurance terms

Our life insurance jargon buster covers our life insurance facts in plain English.

Life insurance FAQs

Find your answers faster in our popular FAQ topics.

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.

  • TAL’s Accelerated Protection Life InsuranceTAL’s Accelerated Protection Life Insurance
  • What is Life Insurance?What is Life Insurance?
  • What is Income Protection?What is Income Protection?

Life insurance articles

Dedicated to empowering Australians to make the right financial decisions, with insightful content about protecting you and your loved ones, health, family and finances.

Things to be aware of about life insurance

Planning ahead could ensure you have the necessary financial security and protection if the unexpected happens. 

When and how to review and compare life insurance

Major life changes often require a review of your life insurance policies as they can have an impact on the amount of insurance coverage you need.

Insure your peace of mind: The importance of life insurance

Whether you need life insurance depends on your individual circumstances and financial responsibilities. Life insurance can provide financial protection for your loved ones in the event of your death.

Stay financially fit: How income protection can help

Income Protection can help ease the financial burden by providing a regular income when you are sick and injured. It will allow you to continue to pay your bills while you recover.

Preparing for the unexpected: The importance of trauma insurance

Knowing that your medical and rehabilitation costs are covered if you suffer a serious injury, stroke or major illness, can provide you peace of mind while you recover.

Do you really need TPD insurance? Assessing your coverage needs

When considering whether you need TPD insurance, it is important to consider the expenses you may need to cover if you became totally or permanently disabled. 

Need to know more about life insurance?

You can learn more about Life Insurance and cover options on the TAL website or visit the ASIC’s MoneySmart website. The information you provide on the TAL website will be subject to TAL’s Privacy Statement and Privacy Policy, available on their website.

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Things you should know

Any financial product advice provided on this website is of a general nature only and does not take into account your personal circumstances. Westpac refers customers to TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life), the issuer of life insurance policies. TAL Life is part of the TAL Dai-ichi Life Australia Pty Ltd ABN 97 150 070 483 group of companies (TAL). If you purchase a life insurance policy as a result of a referral from us, Westpac will receive a commission of 10% of your premiums (exclusive of GST) for the period you continue to hold a policy.

Before purchasing life insurance, you should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) to help you decide if life insurance is appropriate to your objectives, circumstances and needs. You can obtain the PDS and TMD from TAL’s website or by calling TAL on 1300 345 620.

By accessing TAL’s website, you will enter a third-party site not owned by Westpac. Any personal information you provide to TAL's website will be collected, used, and disclosed in accordance with TAL's Privacy Statement and Privacy Policy, also available on their website. 

If you would like help deciding whether life insurance is right for you, we recommend speaking to a financial adviser.