Asteron Life has launched a new trauma benefit that could allow customers to claim for the same or related condition up to three times as their condition worsens.
Asteron Life managing director Nadine Tereora said a common piece of feedback from advisers was that the industry often paid out large sums to customers on trauma claims, when their condition did not need that level of money - yet.
“There’s a big temptation to spend that lump sum payment on consumer goods leaving little, or worse nothing, when their condition progresses.”
In response, Asteron Life has introduced the Major Trauma benefit – an optional benefit that lets customers reserve some cover for a more severe recurrence of a condition, or a new major condition in the future - if their initial condition is not “major”...MORE»
Wednesday, February 25th, 6:43AM
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