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.


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