Lifetime Income Protection: helping Australians retire with confidence
Retirement -
1 in 2 of Australian pre-retirees worry about running out of money during their lifetime.1 TAL’s retirement income solutions can offer them confidence and peace of mind that their income will go the distance.
For most retirees, their super is one of their most valuable assets. But the reality is that many Australians don’t feel they have enough super to spend confidently. In these cases, retirees tend to underspend for fear of running out, which can severely impact their retirement lifestyle. That’s where TAL can help.
As a leading protection specialist, it seemed a natural progression to extend our protection to retirement, providing cover throughout a member’s life. We know that super plays an essential role in helping Australians enjoy the lifestyle of their choice in retirement. But with Australians living longer than ever before, there’s an increased need for retirement income solutions that provide members with the confidence that their super balance at retirement will last throughout the duration of their retirement.
TAL’s Retirement team has designed solutions that really brings to life our ambition to give more Australians confidence in their financial future. Recently, this work came to fruition with the announcement of the first of our retirement income solution partnerships.
By drawing on our expertise in group insurance, protecting members against the risks they face during their working lives, TAL is helping to shape the future of the super industry by delivering accessible, flexible, and sustainable retirement solutions for Australian retirees.
Visit our Group HQ Retirement page to learn how we’re helping to shape the future of sustainable retirement solutions or speak with your TAL Client Manager or the TAL Retirement Solutions team to find out how we can work together to help improve the retirement outcomes of your members.
1. TAL, AGEING AUSTRALIANS: YOUGOV RETIREMENT REPORT, 2021. BASED ON RESPONSES FROM 526 AUSTRALIANS AGED 50–64.