Term Life

Did you know?

We'd like you to take a moment and sit down and really think what life would be like for your family if you died.

Where would the money come from to cover the mortgage, school fees, running the car, credit cards, everyday living expenses such as food, clothing, phone bills, gas, electricity and child care. Not to mention funeral expenses and other medical expenses that your health fund simply doesn't cover.

You may have money in a savings plan, or investments. Perhaps equity in your home. But turning these into cash may mean your family having to sell assets, which could cause even more disruption at a time when they really need financial support and time to adjust.

It's not a pretty picture. which is why we would like you to take a moment to consider Asteron's Term Life.

Term Life is designed to pay a lump sum if an insured event occurs, for example, you die or become terminally ill. For an additional premium, optional benefits such as the Total and Permanent Disablement (TPD) Option can be added to the policy.

Term Life provides you with worldwide, 24 hour a day cover.

If you wish, you can arrange for your Term Life policy to be written through a superannuation fund. You can either choose a superannuation fund of your choice or the Asteron Life Superannuation Fund (ALSF).

The following is a summary of the benefits and options available.

For full details of the Term Life policy and to find out how you can apply, please refer to the current Asteron Life Insurance Product Disclosure Statement or contact a financial adviser:

Death and Terminal Illness Benefit	Total & Permanent Disablement Cover*
Funeral Advancement Benefit	Single TPD Payout TPD*
Automatic Increase Benefit	Double TPD Payout TPD*
Premium Freeze Option	Business Security Option*
Financial Planning Benefit	Waiver of Premium Option*
Nominated Beneficiaries	Child Recovery Option*
Special Events Increase Benefit	Interim Cover
Guarantee of Upgrade	Stepped and Level Premium Option
Binding and Non-Binding Nominations**	Cooling Off Period
Super Estate Option**

* additional premium applies
**policies written through the ALSF only

Term Life (362 KB) Term Life at a glance, plus explanations of the benefits and a case study.

Child Recovery Option (191KB) Asteron’s Child Recovery Option provides you and your family financial protection in the form of a lump sum benefit.

Asteron Life Superannuation Fund (145 KB) For more information about the Asteron Life Superannuation Fund, including features to assist with your estate planning.

Grief Support Service (335 KB) This service can help the life insured & their immediate family members come to terms with their reaction to grief.

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