An exciting new product range has just been released by Asteron Life. These new products cover income protection, trauma protection and life insurance products and offer increased flexibility and added benefits for new and existing customers.
One of the main changes to Asteron Life’s income protection products is the introduction of a new, three tiered definition of disability. These new guidelines replace the previous 10 hour definition and are applicable for all occupation classes, providing a broader range of cover than previously. Asteron Life have also updated their trauma cover to include new definitions for heart attacks and breast cancer, a move which is designed to provide customers with greater benefits in the event that they have to make a claim. There is also a new range of optional benefits for add on protection, including child cover and increased monthly benefits to cover super contributions.
Another introduction is the ability to pay your life insurance premiums directly from your super fund, making it easier to keep on track with your premiums even when you are on a budget. It is hoped that this will help to make insurance more accessible to those who previously may not have been able to afford it. In addition to this, there is a new flexible linking option which gives customers the ability to bundle their covers and potentially save costs and maximise the tax effectiveness of their insurance policies.
To find out more about these changes and the full range of Asteron Life Complete products, contact one of our advisors who will be happy to discuss your needs and situation.
Asteron Life Complete launched on 5 March.