Advisers Engaged with Law and Regulation
Assessing the value of a condition covered, versus not covered

Asteron Life Mortgage and Living Cover

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.

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.