Asteron Life have launched extensive changes to their Mortgage & Living Cover, introducing new cover options; Agreed Value & Agreed Value Plus.
Agreed Value Plus is analogous to Agreed Value Mortgage & Living Cover, though not offsetting ACC being the only exception.Quality Product Research has rated the cover options under the Mortgage Protection & Mortgage Protection Deluxe product to reflect the product variation in relation to offsets. The new cover also includes a variety of new built-in benefits to match Asteron’s Income Protection offer. A key advantage of the new product is the ability to increase cover - reflected in the future insurability item on QPR.
The new benefits include:
- Concurrent wait period
- Funeral assistance
- Grief support
- Elective surgery
- Accommodation
- Transport
- Dependent relative
- Family assist
The new options benefits include:
- Specific injury support
- Immediate assist package
- Income top-up package
A new product category will also be introduced by QPR to capture these new optional bundled benefits, which are not rated on the system yet.
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