Asteron Life offers savings for healthy living

12 February 2019

Thanks to Asteron Life’s Healthy Life Option and Healthy Plus Option, advisers can now pass on savings to clients, giving them access to comprehensive cover at a reduced premium.

Based on their age, BMI and a non-smoking status of five years or more, clients can be eligible for up to 25 per cent savings* on life cover, up to 15 per cent savings^ on total and permanent disability cover and up to five per cent discount# on trauma cover.

David Noble, Asteron Life’s Executive Manager—Product Management Life said, “As an adviser, you’re naturally looking out for what’s best for your clients—and it’s a feeling we share. That’s why we offer multiple opportunities for your clients to save on their insurance premiums.”

In addition to these savings, the application process has also been streamlined with fewer questions and automated online systems, making it easier for advisers to apply the healthy lifestyle discounts and see exactly what each benefit entails.

Healthy Life Option (HLO) – 10 per cent discount

Asteron Life’s HLO offers eligible clients on stepped premiums the opportunity to reduce life and/or TPD (total and permanent disability) premiums by 10 per cent for the life of the policy with no additional assessments required.

Healthy Plus Option (HPO) – up to 20 per cent discount

Clients who take a medical QuickCheck, MBA blood test, complete the lifestyle questionnaire and who continue to take annual health checks, as part of Asteron Life’s HPO, can also access up to a 20 per cent discount on their life cover.

Multi-App Discount – extra five per cent

If your client applies for Asteron Life Complete Income Protection Cover and/or Business Expenses Cover and an Asteron Life Complete lump sum cover, they will be eligible to receive a five per cent discount on all lump sum premiums – excluding Child Cover. This offering from Asteron Life gives advisers a unique opportunity, enabling them to continue offering value to their clients—a fundamental element in building lasting client–adviser relationships.

To find out more contact your Asteron Life Business Development Manager on 1800 739 641.

Important note
This information is current as at 6 February 2019 and may be subject to change. This information is general advice and does not take into account a person’s objectives, financial situation or needs. A person should consider the appropriateness of the advice, the Product Disclosure Statement and Policy document (PDS) for Asteron Life Complete (ALC PDS) and SPDS available at and consider obtaining financial advice before making any decision about this product. If you are eligible for more than one discount, we apply each in a predetermined order to the already discounted premium (before adding taxes and charges). Discounts are subject to change.

*25% savings relates to a client applying for and being issued with a Life and Income Protection or Business Expense cover with our 20% Healthy Plus Option savings and 5% Multi-App Discount.

^15% savings based off being eligible for 10% HLO discount plus 5% Multi-App discount.

#5% savings based off being eligible for 5% Multi-App discount

ALC PDS is issued by Suncorp Life & Superannuation Limited ABN 87 073 979 530 AFS Licence No 229880, with the exception of an interest in the Suncorp Master Trust ABN 98 350 952 022 RSE Fund Registration No R1056655 SFN 1400 429 47 which is issued by Suncorp Portfolio Services Limited ABN 61 063 427 958 AFS License No 237905 RSE License No L0002059 who will hold the policy on your behalf, as a member of the Fund. This product is not a bank deposit or other bank liability. Products and services are provided by different entities in the Suncorp Group and each entity is not responsible for, does not guarantee and is not liable in any respect for products or services of other Suncorp entities.

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