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A Review of Asteron Life NZ: Comprehensive Cover For Your Future

Written by Sample HubSpot User | 22/01/2024 12:16:59 PM

Asteron Life Insurance - a brief company overview

Asteron is backed by Suncorp New Zealand, a prominent player in the general and life insurance sector. Suncorp New Zealand is part of Suncorp Group, with more than 9 million customers and over A$96 billion in assets - a reassuring promise of Asteron's financial stability (rated AA- by Standard & Poor’s) when you need to make a claim. The Asteron claims team has successfully had 94% of claims accepted and paid $121 million to their valued customers.

Asteron Life provides insurance products specifically tailored towards the Kiwi lifestyle and aims “to help build bright futures and protect what matters most.” Policywise works with the full suite of Asteron products, including life, trauma, income protection, total and permanent disablement, and business cover. In this Asteron Life Insurance review, we’ll look at some of these plans in detail.

What is life insurance?

Life insurance provides a lump sum payout on the death of the life insured. It is paid to the beneficiaries listed under the policy and provides a safety net that wraps around your loved ones when life takes an unexpected turn.

Here’s how life insurance works: You take out a life insurance policy through an insurance company and pay a cost, called a premium, on a regular basis. In return, if you pass away, your insurance company will pay the full sum insured to the policy beneficiaries, providing them with a financial cushion. It's like saying, "Even if I'm not around, I've got your back."

What you should know about Asteron Life cover

Asteron Life offers two distinct life insurance options. Each is designed to cater to different circumstances, ensuring that you have the right protection for your unique needs. Let's take a closer look at both:

1. Asteron Life Insurance: Safeguarding your family's future

Asteron Life Insurance is a robust provider that supplies a lump sum payout in the event of your passing away or a terminal illness diagnosis.

2. Asteron Accidental Death Insurance: Shielding against the unforeseen

Asteron's Accidental Death Insurance cover provides a lump sum payout if you pass away due to an accident.

Asteron Life also offers

  • Asteron Trauma Cover: Offers a lump sum payment upon diagnosis of a covered condition, helping you cover medical expenses, debts, or any necessary lifestyle adjustments. Designed to provide financial support if you are diagnosed with one of the many conditions defined under the policy wording.
  • Income Protection Cover: This covers up to 75% of your income, providing you with a reliable source of income if you cannot work due to illness or injury. It offers regular payments to help you meet financial commitments such as bills, rent or mortgage, and daily living expenses.
  • Total and Permanent Disablement Cover: Offers a lump sum payment to help you maintain ongoing expenses, rehabilitation, and lifestyle modifications. This cover provides financial security if you suffer a complete and permanent disability that prevents you from working.
  • Business Cover: Designed to protect your business in case you or a key person in your organisation becomes unable to work due to illness or injury. It can provide funds to cover ongoing business expenses, hire temporary staff, or support the business during a challenging period.

Get your personalised Asteron Life Insurance quote

Life's journey isn't a cookie-cutter experience; your insurance shouldn't be either. Asteron Life allows you to tailor your cover to suit your specific needs.

Asteron Life has a user-friendly platform that supplies personalised quotes, helping you explore different options and giving you the power to choose what works best for you.

Please note: Terms and conditions, as well as exclusions, apply to all Asteron Life products. It's important to review your policy carefully to understand the specific terms of cover and any limitations. This ensures that you have a clear understanding of the protection provided by each product. If you have any questions or would like some help finding the right policy, book a callback with a Policywise adviser; it's fast and free.

Life insurance as part of financial planning

Including life insurance as part of your overall financial planning is a smart move. Here's how to integrate it effectively:

  1. Assess your needs: Calculate how much cover your family would require to maintain their lifestyle.
  2. Consider your goals: Think about long-term financial goals and how life insurance could aid them.
  3. Regular reviews: Life changes; so should your policy. Periodically review and update your cover.
  4. Budget wisely: Life insurance is an investment. Allocate a part of your budget for it.
  5. Seek qualified advice: Consulting with an insurance advisor, such as Policywise, can help you make an informed decision.
  6. Explore Policywise: See how Policywise can accommodate your life insurance needs. You can check Policywise’s online reviews and testimonies to see how other New Zealanders have found our service.

Do you need Asteron Life Insurance in New Zealand?

Life insurance is a promise to secure your loved ones' future on death. Here's why it matters:

  • Financial security: Life insurance provides a financial backup for your family on death.
  • Debt protection: It can help cover debts, rents, mortgages, and loans, relieving your loved ones from the burden.
  • Income replacement: Helps replace the income of the deceased life assured, enabling the family to maintain a similar lifestyle to that if the life assured had continued working until retirement.
  • Education support: Ensures your children's education remains uninterrupted, no matter what.
  • Funeral costs: Eases the financial strain by covering funeral expenses.
  • Peace of mind: Knowing that your loved ones are taken care of after you're gone offers invaluable peace of mind.

Policywise: your partner in making wise insurance decisions

Policywise is a 100% free service which tells you which health, life, and disability insurance provider best fits your needs. We offer fast, comprehensive, and easy-to-understand comparisons of all leading providers, and a simple summary clearly recommending which insurer is best for your situation.

Not all insurance policies are the same. Policywise can help you sort out the duds, avoid the lemons, understand the fine print and exclusions, and get the right insurance for you and your family.

We make the important decision of where to buy your insurance super easy. We’ll answer your questions, provide experienced advice, quotes, and comparisons, and manage all the back and forth throughout the application process. Taking out your cover through us means you'll have our lifetime support and claims advocacy, and we'll help you negotiate a positive outcome at claim time. We can also take care of lodging any claims on your behalf and back you up if the going gets tough.

Check out the reviews on our homepage for how other New Zealanders have found our service because now is the time to get your life insurance sorted. Give your family or someone you love the most outstanding financial support possible. Book a 5-minute callback with Policywise today; our service is fast and free.

Conclusion

Asteron Life New Zealand isn't just about insurance – it's your dependable partner in securing a comfortable future. You'll find tailored options, a proven track record, and a strong commitment to safeguarding your loved ones' wellbeing. Opt for Asteron Life Insurance today and ensure a secure tomorrow.

Disclaimer: This article is for general information only. Nothing in this blog or on this website is intended as medical, dietary, or financial advice. Although Policywise aims to update our content regularly, you are advised to consult a financial adviser, health professional, or an appropriate specialist before acting on any information herein. They can factor in your personal circumstances or preferences and help guide your decision-making process.