TAL is helping financial advisers to support cancer patients and better understand their conditions with the launch of an education course.
TAL's continuous education arm, Risk Academy, will run the on-demand webinar course aiming to equip advisers with the tools to discern the staging, diagnosis, prognosis and treatment of cancer.
The medical terminology used when it comes to underwriting and assessing product definition requirements at claims time will also be explained, along with minimum definitions as set out by the Life Insurance Code of Practice.
The one-hour long webinar carries one CPD point accredited via the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA).
TAL general manager for health services, Sally Phillips said the course will help up-skill advisers on the specifics of the medical condition, and help clients choose the right insurance cover for their situation and lifestyles at underwriting time, and best support clients if they need to claim.
During the course, Phillips will also discuss support mechanisms TAL provides for clients on cancer claims, which includes tips on how to look after clients' physical, mental and emotional health.
"We know the devastating impact it can have on the lives of individuals and their families, and there is value in a financial adviser helping people through their cancer journey," she said.
"Cancer represents the largest category of claims for TAL and it costs Australia more than $4.8 billion per year in direct health system costs."
Advisers' feedback thus far has been positive and many are learning more about the different types of cancer to enable them to talk to insurers about it with more authority when it comes to claim time, Phillips added.