Life insurance premiums reduced by 20%
June 3, 2010
Asteron issued the first life insurance policy in Australia in 1833 (formerly Australian Assurance), and has now come out with another industry first, launching a new policy benefit called the ‘Healthy Plus Option’ which rewards healthy Australians by reducing their life insurance premiums by 20%.
The 20% discount applies immediately after policy acceptance, and is lowered by 1% each year, to a minimum of 10% over the life of the policy.
However the client is also given the choice of refreshing their policy discount by completing their qualification tests again to re-qualify for the full 20% discount.
The discount is available on Asteron’s Lifeguard Life Cover policy under a stepped premium arrangement upon meeting certain health and other risk criteria.
To qualify for the discount, questions will include your:
The 20% discount applies immediately after policy acceptance, and is lowered by 1% each year, to a minimum of 10% over the life of the policy.
However the client is also given the choice of refreshing their policy discount by completing their qualification tests again to re-qualify for the full 20% discount.
The discount is available on Asteron’s Lifeguard Life Cover policy under a stepped premium arrangement upon meeting certain health and other risk criteria.
To qualify for the discount, questions will include your:
- age, which must be between 30 and 50 years;
- smoking status, you have not smoked for at least 5 years;
- medical history such as your weight, body mass index, blood pressure, cholesterol;
- lifestyle and any occupational hazards;
- family history; and
- driving record.
Leave a Reply