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Life Insurance
Talk to an Adviser about Life 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 Life Insurance?
Life Insurance pays a lump sum of money if you pass away or become terminally ill. It is designed to help your family pay costs that you would have helped with if you were still alive.
Most people use Life Insurance for:
- Ensuring funds to cover funeral expenses
- Providing funds to their family after they've gone
- Clearing debt such as credit card, personal loans, mortgage
- Paying for childcare support if the person who passed away was the primary caregiver
- Providing future financial support for their children
- Some people who are terminally ill choose to access a portion of their life insurance to help with the cost of treatment or to tick experiences off their bucket list
Life Insurance benefits
Optional benefits you can choose to include:
Lets you cover your kids too.
Covers medical workers who contract Hepatitis B or C or HIV during work.
Pays out a lump sum if you die or become terminally ill.
Pays a lump sum if you’re given less than 24 months to live. You can use the money for your immediate care and help to plan a secure future for your family without having to tap into your life cover.
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 Life Cover. Don't worry though, your adviser can take you through these and what they mean.
Other types of cover
If full Life Insurance is not for you, you may want to consider Accidental Death Insurance, which will pay a lump sum benefit if you pass away as a result of an accident.
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
How much life insurance do I need?
How much you'll need if something happens isn't always obvious. Your adviser will work with you to uncover both the obvious and the hidden needs that crop up, so you can decide what your priorities are and how much you'll need.
Who gets the money should I die?
Generally, the person who owns the insurance policy or their nominated beneficiary will get the money. A financial adviser can help you make sure the money goes to the people you want to receive it, without any hiccups.