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Farmers Disability Insurance
Talk to an Adviser about Farmers Disability Insurance. They can:
Find the best products for your budget and needs
Provide customised advice and keep your insurance up-to-date
Be impartial, as they are not Asteron Life employees
94% of claims accepted and $121m paid to customers from 1/7/22 - 31/6/23
What is Farmers Disability Insurance?
If you’re out of action due to sickness or injury, we’ll pay a benefit of up to 35% of the farm’s turnover – up to a maximum of $10,000 per month.
There are a few reasons why this insurance cover is so popular:
- It allows you to hire a contractor to perform the day-to-day duties that you’d usually take care of yourself
- The benefit is based on the farm’s turnover, so there’s no need to prove your individual income at claim time
Farmers Disability Insurance benefits
Optional benefits you can choose to include:
Helps you through your recovery period of part time work until you are able to resume full time duties.
Show us financial evidence of business growth and we'll increase your monthly benefit without needing further medical assessment.
Lump Sum Support when you need it. Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis). The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods.
If you have an existing policy with Asteron Life, your policy may be different from our current on-sale products, so it’s a good idea to check things with your adviser.
There are terms and conditions that apply to all benefits within Farmers Disability Insurance. Don't worry though, your adviser can take you through these and what they mean.
Other types of cover
While the Farm is taken care of with Farmers Disability Insurance, it’s worth looking at Trauma Recovery Insurance to help with your personal finances. This will provide you with a lump sum payment if you suffer from one of 48 medical events, conditions or surgical procedures.
Unsure?
Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.
Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!
Frequently asked questions
Why is there a separate cover for farmers?
Running a farm is a bit different to running any other business. We use a different way of calculating the benefit for this cover, because farmers’ incomes can be impacted by so many different factors from year to year. The definition of disability is also different for this cover, which recognises the unique situation of a farmer.