We know how important it is to be covered – and the freedom that it brings. By introducing Asteron Life Complete, our latest life insurance product, we continue to deliver on our promise that we made to you – a promise to protect you and your family financially.
At Asteron Life, we have worked hard to deliver a new product design to ensure you have comprehensive and flexible features and benefits with your insurance cover. These include:
For Income Protection Covers
Safeguarding your income when you need it most.
Income Protection provides you with replacement income if you become disabled through sickness or injury. You can cover up to 75% of your income or 80% if the SuperSaver option is selected. There are also a number of benefit periods and waiting periods for you to choose from to best suit your needs and budget.
Our Income Protection range has been rebuilt featuring a 3 tiered definition of disability that builds on our well known 10 hour definition. Our new definition is available for all occupation classes with both our basic and comprehensive income protection covers, giving you our broadest coverage yet for income protection.
Choose from a range of optional benefits to increase your level of cover – including the option to add child cover, increased monthly benefit to cover your super contributions, and receive payments during the waiting period if your disability was due to an accident.
For Trauma Cover we have led with market leading definition
Helping you through serious illness. Our new Trauma Cover has market-leading definitions for ‘heart attack’ and ‘carcinoma in situ of the breast’. This gives you greater benefits at claim time if you suffer a serious illness or injury.
So you don’t need to worry about finding room in the household budget, you can automatically pay your Life Cover premium, Linked TPD Cover premium and Income Protection Cover premium from your super balance. All you need is a Colonial First State FirstChoice Super account. You will also be entitled to a 15% premium rebate on such premiums after the first year.
Flexible Linking Policy allows you to bundle your covers inside and outside superannuation. Your adviser can help you determine the best way to structure your insurance cover, so you maximise the cost effectiveness of linked benefits as well as the tax effectiveness of Life Cover Super. Doing so may reduce the overall cost of insurance to you.
These are just some key highlights for Asteron Life Complete. For more information about our exciting new insurance offer Asteron Life Complete, please see our ‘Comparing life insurance’ page or contact your financial adviser.
This is general advice and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider the Asteron Life Complete Product Disclosure Statement and the appropriateness of the advice having regard to your situation and consult your financial adviser.
© Suncorp Life & Superannuation Limited 2012