About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, August 24th, 11:40AM
Latest Headlines

Level premiums for life among Asteron changes

Customers will have the option of level premiums to age 100, thanks to changes being announced to Asteron Life insurance policies.

Thursday, February 7th 2019, 6:00AM

The insurer said it was releasing new level premium options for its SmartLife, personal insurance and business insurance life cover customers.

In addition to the existing "level to 70" and "level to 80" options, customers will now be able to select level premiums to ages 50, 60, 65, 75 and 100.

The maximum entry age for selecting level to 70 and level to 80 premiums is also rising.

“We’ve seen about a 30% uptake of level premiums from customers with life insurance, and we know that there is real demand for the certainty that level premiums can offer our customers,” said Graham Hill, Asteron Life’s executive manager life distribution.

“Adding more level options will give advisers greater flexibility to design a package of insurance that will meet customers’ needs.”

Hill said the level premium options will also enable customers to parcel their life cover into a mix of different stepped and level options, to help them build more sustainable cover for the long term.

“We know that many people use insurance in different ways. These new options will enable customers to link their cover to debt, dependencies or use it as part of their estate planning. We think offering more level premium options helps our customers to use insurance as part of a long-term financial plan, and deliver better financial outcomes for them.”

If customers take a level to 100 option, premiums will cease at age 100 but the insurance will stay in place.

The changes will be made available to advisers from February 11.

Tags: Asteron

« Pipeline of new advisers could be stoppedAdvisers taking lead on complaints processes »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

AIA's shot at a TV ad
AIA New Zealand joins forces with Dame Valerie Adams to help Kiwis live healthier, longer, better lives.

Southern Cross recognised
Southern Cross Health Society has been recognised as one of Australasia’s top 10 ‘Most Innovative Companies’ for BeingWell, its corporate health and wellness programme.

OnePath to disappear
Cigna is intending to combine its two businesses by transferring the OnePath Life insurance business to Cigna Life Insurance New Zealand.

AIA celebrates gender diversity
AIA were among the winners for the first ever Women in Insurance Awards with chief customer officer, Sharron Botica amongst the winners.

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