Occupation. Occupation Class Employment status Annual income. Total monthly premium $ Total yearly premium $200.52

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1 Asteron Life Limited Level 13 Asteron Centre, 55 Featherston Street Wellington 6011 Prepared by: Succession First Client summary - Example One Date of Birth Gender Smoking status 07/02/1988 Age Next Birthday 31 Female Non smoker Occupation Occupation Class Employment status Annual income AA Professional - Office-based sedentary work only. Minimum 2 years in current role. Personal net income before tax of >= $100,000 pa for past 3 years AA Employed $0 Illustration details Policy Cover amount Premium Additional details Personal Insurance 1 Inflation adjustment Life Cover A $100,000 $16.71 Level to 70 premium $16.71 Monthly Total monthly premium $16.71 Total yearly premium $ This illustration is based on the information that you have provided, and your requested cover. It is subject to normal underwriting terms and conditions. Actual premium may vary due to underwriting or other adjustments, changes to cover details or a change in age. 1 of 6

2 Underwriting requirements In order for Asteron Life Limited to assess your application for the amounts quoted in this illustration, the following medical and/or financial evidence is required (further information may be requested during consideration of your application). Full Personal Statement Occupational and Adviser's expected underwriting ratings are subject to confirmation by Asteron Life Limited. Underwriters may request other financial information on a case by case basis. Product summary Product Summary Asteron Life helps protect the incomes and lifestyles of New Zealanders. The lump sum and monthly income covers below are available with Asteron Life. Life Cover pays a lump sum of money if the insured person dies or becomes terminally ill. Accidental Death Cover pays a lump sum of money if the insured person dies as a result of an accident. Trauma Recovery Cover certain medical procedure. Total and Permanent Disablement (TPD) Cover disabled due to sickness or injury. pays a lump sum of money if the insured person is diagnosed with a serious medical condition or undergoes a Cancer Cover pays a lump sum of money if the insured person is diagnosed with cancer. pays a lump sum of money if the insured person becomes totally and permanently Income Protection Cover pays a regular monthly benefit if the insured person is unable to work and earn an income because of sickness or injury. It is designed to meet essential living costs and financial commitments. Mortgage and Living Cover pays a regular monthly payment if the insured person is unable to work because of a sickness or injury. It is designed to pay for the mortgage or essential living costs. Workability Cover pays a regular monthly benefit if the insured person is unable to work and earn an income because of sickness or injury. It is designed to help restore the insured person s ability to work, and can also provide assistance with rehabilitation and retraining. Business Disability Cover pays a monthly benefit to help a business replace lost revenue or hire replacement staff if the insured key person is unable to work because of sickness or injury. Farmers Disability Cover pays a monthly benefit if the insured person needs to take time off work on the farm due to sickness or injury. This cover will pay a benefit of up to 35% of the farm s turnover up to a maximum of $10,000 per month. Business Expenses Cover pays business expenses such as rent, utility costs or administration only staff for up to 12 months at a time if the insured person who normally generates the business income is unable to work because of sickness or injury. 2 of 6

3 Level vs Stepped Comparisons (does not include indexation) Client name: Example One; Female; 31 Next Birthday; Non smoker; Occupation Class: AA Projection excludes We Pay Your Premium and Premium Freeze. Personal Insurance 1 Life Cover: $100,000 - Level to 70 vs Stepped Level premium projections as illustrated Year Age Next Birthday Sum Insured Monthly Level Premium Equivalent Stepped Monthly Premium* 1 31 $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ of 6

4 33 63 $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ $100,000 $16.71 $ *These figures show the equivalent stepped premiums over the same term for comparison purposes only Comparison for Life Cover - Level to 70 vs Stepped Please note this graph is an indicative illustration only. Summary Total Premium Paid Level to age 70 $8,020 If Stepped premium was chosen to age 70 $22,994 Difference $14,973 Summary - Combined Level vs Stepped Premiums Total Summary Total Premium Paid Total of Level covers selected $8,020 If Stepped premium was chosen for the comparative level age $22,994 Difference $14,973 Note: The above table is an indicative total of all covers where a Level premium structure has been selected. It then compares those level premiums with the equivalent stepped premium for each cover. 4 of 6

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6 Important notes 1. This illustration does not contain a full description of the benefits of the relevant policy or policies. Please refer to the policy document(s) for full details. Both the benefits and the rates quoted are subject to acceptance by Asteron Life Limited. Policies are effective after your completed application has been processed and we have received your first premium payment. 2. The premiums payable for the policy and frequency of those payments for each of the available benefit and payment options are set out in this illustration. However, the illustration set out in this quotation is only to be used as a guide. It is based on your requested cover and the information provided. In preparing this illustration it has been assumed that: current premium rates remain constant, and there has been no change in your cover, your personal details or circumstances, payment frequency, policy terms, or relevant tax rules. Premiums are reviewed annually and if any of these factors change then actual premiums payable may be different. 3. All premiums are payable to Asteron Life Limited. 4. You have the right to cancel the policy within 17 days of its issue by writing to Asteron Life Limited and to receive a "replacement of business" advice when changing policies. You also have the right to request financial information about Asteron Life Limited. 5. If you arrange this insurance through an insurance broker or other intermediary, that person may receive a commission or other remuneration from Asteron Life Limited. 6. This projection is only to be used as a guide. The figures and graphs in these premium projections may include inflation adjustments. Whilst all care has been taken by Asteron Life Limited to ensure that this projection is accurate and correct, we take no responsibility for any errors or omissions. This projection is intended for use by advisers as a comparative tool and does not form the basis of a quote. Duty of disclosure You are required to advise Asteron Life Limited of any information which is material to our decision whether to accept the risk of insurance. If you do not disclose information that is material to Asteron Life Limited, or if any information provided by you is substantially incorrect and material, then Asteron Life Limited may either avoid your policy from its inception or any one or more of the benefits may be avoided from inception or reduced, and premiums forfeited and benefits paid may have to be refunded. 6 of 6