> _Markdown transcription of Asteron Life Asteron Life Complete – Life Cover policy wording, effective 2024-10-14. Source: https://www.asteronlife.co.nz/sites/default/files/documents/life-brochure.pdf_ --- Supporters for life Life Cover What is Life Cover? What benefits does Life Cover include? Life Cover pays a lump sum of money if you • Death benefit. Your family or nominated beneficiaries pass away or become terminally ill. Life Cover will receive a lump sum of money if you pass away. We is designed to help your family pay costs that normally make the payment to your nominated bank account within two days after we receive the claim. you would have helped with if you were still alive. You may also choose to have Accidental • Terminal illness benefit. You can apply to receive your Life Cover payment straight away if you’re given less Death Cover that will only pay a lump sum than 12 months to live. We normally pay this within benefit if you pass away as a result of an seven days after you place a claim with us. You can accident. use the money for your immediate care and help to plan a secure future for your family. What do most people use Life Cover for? • Financial planning and legal advice benefit. We will pay • Paying off the mortgage. Many people need to reduce up to $2,500 for your family to receive professional their debt as quickly as they can if they go from two advice from an approved financial planner. This helps incomes to one. your family decide the best way to use the money they • Providing future financial support for their children. will receive. For example, our customer Pam (below) used part • Grief support benefit. We will pay up to $2,500 for your of her advance life insurance payment, after becoming family to receive grief counselling from a professional terminally ill, to pay for her children’s tertiary education. counsellor. • Providing extra income for their family after they’ve gone, or contributing to their spouse’s retirement fund. Many people would need financial support if an income To have had the money has earner passed away. made an incredible difference for • Paying for childcare support if the person who passed away was the primary caregiver. Many people find me and my boys. It’s a wonderful that, as the remaining parent, they need extra support. thing and I am pleased that I had it. If they continue working, they may also need more childcare support. Pam, Asteron Life customer Disclaimer: Customer testimonials and examples are provided for information only and do not advise on or recommend a product. For financial advice including on product suitability, please contact your financial adviser. • Funeral advancement benefit. We will make an advance What benefits you can add to your Life Cover? payment of $15,000 or $25,000 from your Life Cover when a life insurance claim is accepted. This pays for • Needlestick benefit. For those who work in the medical and emergency services industry, the immediate expenses such as a funeral. Needlestick benefit helps to ensure you can protect • Funeral conversion benefit. You can choose to convert yourself against the financial impact of contracting up to $30,000 of your Life Cover to a level premium Hepatitis B or C or HIV. Funeral benefit. You can use this option at any time if you’ve had your Life Cover for more than 10 years and • Terminal illness support If you’re diagnosed with a terminal illness and are given less than 24 months to you’re 65 years or older. live, we will pay an additional lump sum. This will help • Repatriation benefit. We will reimburse up to $15,000 you pay expenses related to your illness so you don’t or $25,000 of the direct costs of bringing the insured need to tap into your Life Cover payment. person’s remains back to New Zealand or their home country if they pass away overseas. • Specific injury support – lump sum benefit. Support when you need it. Receive this benefit if • Terminal specific condition advancement. We will you suffer any of 29 specified injuries (ranging from make an advance payment of the lesser of $250,000 broken bones to paralysis). The benefit is payable or 30% of your Life Cover sum insured if you are even if you are still able to continue working. Check diagnosed with one of the listed conditions or if you the policy document for the full list of injuries and have a life expectancy of 24 months or less. Check payment periods. the policy document for the full list of conditions. • ‘We pay your premiums’ benefit. We’ll pay your life • Special events increase benefit. You can increase insurance premiums if you’re ill or injured, and can’t your existing life cover whenever a special event occurs work in your usual job for more than 10 hours a week. in your life, such as taking out a mortgage or getting a pay rise. You can do this at a later date, without any • Free Kids Cover – $50,000 per child. You can have free trauma insurance for each of your children or medical underwriting. This is useful because the grandchildren as part of your policy. Make sure you fill amount of insurance you need may change as you get out the Kids Cover section in your application form to older. See your policy document for more information take advantage of this. You can also choose to increase on special events. the amount of Kids Cover cover up to $200,000 for just • Special events conversion benefit. You can also $1 per $10,000 per month. take out Trauma Recovery Cover or Modified Total and Permanent Disability Cover whenever a special What are your payment options? event occurs in your life, such as taking out a mortgage • Level premium payments. You can choose a level or getting a pay rise. You can do this at a later date, premium payment option and lock your premium without any medical underwriting. See the policy payments in, so they don’t increase with age – like document for more information on special events. a fixed rate mortgage. • Inflation adjustment benefit. Each year Asteron Life • Stepped premium payments. Stepped premiums will offer to increase your sum insured by the rate of start lower than Level premiums but increase each inflation, according to the consumer price index (CPI), year based on your age at that time. without the need for further medical or financial underwriting. Talk to your insurance adviser about how to get Life Cover. Disclaimer: The information in this brochure is a general summary only. It is not financial advice and is not personalised to your situation. Terms, conditions, exclusions and limits apply. Where customer testimonials and examples are provided, they are for information only and do not advise on or recommend a product. If you would like advice that takes account of your particular financial situation and goals, please contact your financial adviser. Full details of the policy terms and conditions are available from Asteron Life Limited (“Asteron Life”) or your financial adviser. Some terms used in this brochure carry a specific definition set out in the policy document. If there are differences between the information in this brochure and the policy, then the policy document will prevail. Availability of insurance cover is subject to Asteron Life’s acceptance and approval of a complete application. Asteron Life does not accept any liability in connection with this brochure. 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