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

Offer a range of products from different insurers, as they are not Asteron Life employees

See more about Advisers

Life Insurance Company of the Year 2023
Winner – 2023 New Zealand Insurance Industry Awards

Asteron Life Limited has an “A” financial strength rating
Find out more about our financial strength rating and solvency

96% of claims accepted and $112m paid to customers from 1/7/23 - 31/6/24

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

Monthly benefit

This helps ensure the running of your farm if you’re totally unable to work.

Recurrent Disability

Restarts your benefit immediately if you suffer the same disability within 12 months – waiving your waiting period.

Disability reset

Restarts your benefit period for a new or related sickness or injury.

Payment while overseas

You’ll get this if you’re disabled while out of the country.

Inflation adjustment

Each year your sum insured can be increased without the need for further medical or financial underwriting.

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.

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.

Trauma Recovery Insurance

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!

Get started

Simon’s story

Simon Evans had always insisted that Multiple Sclerosis was never going to define him. Thanks to his Income Protection Cover with Asteron Life it never has.

Read Simon’s story

Ready to speak to an adviser?

If you would like to know more about Farmers Disability Insurance we can put you in touch with an adviser who can explain the different options available.

Speak to an Adviser

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.

Resources and forms

Farmers Disability Insurance brochure

Request a business insurance summary

Already a customer?

Disclaimer: The information provided above is for general information only, it is not financial advice or personalised to your situation. If you would like advice that takes account of your particular situation, please contact your financial adviser. Full details of policy terms and conditions are available from Asteron Life Limited or your financial adviser. Terms, conditions, exclusions and limits apply. If there are differences between the information provided here and the policy document, then the policy document will prevail. Asteron Life Limited and its related companies do not accept any liability in connection with the information provided.