About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, February 21st, 6:02PM
Latest Headlines

Asteron Life launches flexible mortgage insurance

Asteron has launched a “one stop shop” Mortgage and Living insurance product that allows customers to tailor their coverage mid-contract.

Monday, April 30th 2018, 12:01AM

by Dan Dunkley

The product covers rent or mortgage repayments and general living costs if a customer is hit by an illness or injury that impacts their ability to work.

Mortgage and Living Cover can be matched to mortgage repayments, or to income, like income protection cover. Customers can also choose a combination of the two products, and modify their coverage as their financial circumstances change.

Customers will be able to tweak their cover during the term of their contract without the need for another medical. Customers will be able to “dial down” coverage if their financial situation improves. They will also be able to enhance cover if their circumstances change.

The new product replaces Asteron’s old Mortgage and Rent cover. David Drillen, executive manager at Asteron Life, told Good Returns it was a “one stop shop” that “moved this type of product to the next level”: “Traditionally you’ve had to combine two products together which hasn’t been easy, and cause issues at claims time. This product combines those two benefits together.”

Mortgage and Living cover also includes dependent relative and family assist coverage. Asteron began selling the new product through financial advisers last weekend. It will be available on the Life Direct platform shortly, Drillen told Good Returns.

Drillen added: “These mortgage products are traditionally stripped down and don’t have too many features and benefits. All of the features from our flagship products are options for this product. We’ve put them on our mortgage product, and it is a fully-fledged income protection.”

Tags: Asteron Life insurance

« Mu: Exciting future for advisersAIA first insurer to offer Airpoints »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Southern Cross launches advisory group
Southern Cross Health Society has announced the establishment of a Māori governance advisory group in a first for New Zealand’s health insurance sector.

HealthLink and Konnect NET to merge
Healthcare technology companies HealthLink and Konnect NET are merging.

Fidelity scores top award for third consecutive year
Fidelity Life has been named 2019 Life Insurance Company of the Year by ANZIIF for the third consecutive year.

Suncorp invests in wellbeing
Suncorp New Zealand has now invested a total of $20 million into wellbeing bonds as part of its focus on identifying sustainable investment opportunities that can deliver positive community outcomes.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com