TAL upgrades financial adviser tools and underwriting
TAL has upgraded its online adviser portal, the TAL Adviser Centre, with improvements to adviser online tools and functionality as well as product and underwriting enhancements.
The portal features a new, more intuitive layout with simpler page designs, with content reorganised to streamline navigation. New tools and resources include business insurance toolkits, marketing templates and customer collateral, TAL stated.
Chief executive of TAL Retail Life Brett Clark said the upgrade was the first of a multi-phase program to strengthen TAL's online capabilities.
"This program is a substantial investment for TAL - and one that reflects our long-term partnership vision with advisers," he said.
TAL has also upgraded its retail insurance offer, Accelerated Protection, providing more choices for superannuation funding and more flexibility with underwriting tests, but with no changes to premium rates.
TAL said it now accepts rollovers from any superannuation fund for Accelerated Protection premiums where the policy is held in the TAL Superannuation and Insurance Fund.
In terms of underwriting, for past and current smokers, the limit for chest x-rays has increased from $15 million to $20 million. Exercise ECGs are now obsolete for lives up to age 45, regardless of the sum insured being applied for, TAL stated.
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