CLIENT USE. Asteron Lifeguard. award-winning protection inside super

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1 CLIENT USE Asteron Lifeguard award-winning protection inside super

2 1 Asteron Lifeguard award-winning protection inside super A smart way to protect your future Life insurance gives you the confidence to live the life you want to live knowing you ve made plans to secure your family s future. By providing an alternative source of funds in a health crisis, it can help cover additional medical expenses and treatment costs. That financial support can help you protect your lifestyle today, and keep you on track for the future. One popular way to take out life insurance is inside super, which can provide some important tax and cash flow benefits. If you have a FirstChoice super account with Colonial First State, you can now pay for award-winning Asteron life insurance from your super account. Asteron Lifeguard is now available through FirstChoice Products available through FirstChoice super accounts: Life Cover Super Life Cover and Total and Permanent Disability (TPD) Super Income Shield Super

3 Asteron Lifeguard award-winning protection inside super 2 Why take out insurance inside super? It s easy and affordable Owning insurance inside super means you don t have to worry about finding room in the household budget to pay your insurance premiums. Instead, premiums will automatically be paid out of your super balance provided there is enough money in your account. It s tax-effective The tax concessions associated with superannuation make it a great way to save for your retirement. Those same tax concessions can also make it a cost-effective home for life insurance. A key feature of insurance in super is that you can pay your premiums using your super balance. Some insurers will also give you a 15% rebate when you pay your premiums from your super account, which makes this strategy even more taxeffective. You may also fund your insurance using your superannuation contributions which are taxed at only 15% inside your super fund on entry, as opposed to using your after-tax income. It s flexible There are a number of different cover types available inside super, including life cover, TPD cover, and income protection.

4 3 Asteron Lifeguard award-winning protection inside super Market-leading features and benefits These are some of the features and benefits of Asteron Lifeguard that make it a good choice for insurance inside super: Premium rebate available If you fund your insurance premiums through FirstChoice, you will receive a 15% premium rebate from the second year onwards making your insurance cover even more cost-effective. Interim Cover up to 90 days Asteron s Interim Cover offers limited protection for sickness and injury that occurred or became apparent after applying for insurance. It is available for up to 90 days from the date both the completed Application Form and Superannuation Rollover Authority Form are received. Limited Acceptance for up to 30 days Limited Acceptance Cover offers full cover and is available in the first 30 days from the date both the completed Application Form and Superannuation Rollover Authority Form are received provided the application has been assessed and accepted by our underwriting team. The policy commences once the premium has been paid. Life Cover Super / Life Cover and TPD Super Special Events Increase Benefit. You can apply to increase your sum insured by up to $200,000 when specified important events occur (e.g. you get married or have a child), or on the fifth anniversary of the policy, without any additional medical checks (conditions apply). Own Occupation TPD. Own Occupation TPD means the definition of disability in your policy is based on you being able to perform your own specific occupation, as opposed to any occupation. This means you are more likely to receive a TPD benefit if you need to claim. Income Shield Super 10 Hours disability definition. This benefit allows you to work 10 hours or less per week and still receive your severe disability benefit. This could be extremely valuable if you re self-employed, or if you need to stay in touch with your workplace. Income Update Benefit. You can apply to increase your Income Shield Super cover in line with your income level, without any additional medical checks, provided you haven t made a claim (conditions apply).

5 Asteron Lifeguard award-winning protection inside super 4 Premium discounts Multi-application discount. Asteron offers a 5% base premium discount on your lump sum premiums if you take out Income Shield Super at the same time as you apply for Life Cover Super or Life Cover and TPD Super. Multi-life discount. If your immediate family members or business partners of the same business apply for Asteron Lifeguard at the same time as you (inside or outside super), we will discount all policies: 2-4 lives 5% 5-7 lives 7.5% 8+ lives 10% Large sum insured discount. If you hold an Asteron lump sum insurance policy outside of super (e.g. Asteron Recovery Stand Alone), we will include that sum insured when we calculate whether a large sum insured discount applies to your premium. A trusted name in insurance Asteron has been a specialist life insurance company for more than 175 years. In 1833 we wrote the first life insurance policy in Australia, paid the first claim shortly after, and have been paying claims ever since. In 2010 Asteron paid more than $214 million in total claims to around 3,083 customers Australia wide. Asteron is part of the Suncorp Group which includes household names such as Suncorp Insurance, AAMI, Suncorp Bank, GIO, Apia, Vero, Shannons and Just Car Insurance.

6 5 Asteron Lifeguard award-winning protection inside super Why choose Asteron Lifeguard? Award-winning cover CoreData Life Company of the Year Award 2010 Winner - Life Company of the Year 2009 Winner - Life Company of the Year Association of Financial Advisers / Plan for Life Awards 2010 Winner - Risk Insurance Innovation AFR Smart Investor SMILES Survey Award 2011 Winner - Best Risk Insurance provider for customer service and value for money Financial Review Smart Investor Blue Ribbon Awards 2010 Winner - Best Life and TPD Insurance Seek advice before you act There are some important considerations when you take out life insurance inside super including different rules around the taxability and accessibility of benefits. Your financial adviser can help you decide if insurance inside super is right for you. You can typically choose a combination of covers inside and outside of super, and a level of cover, that suits your circumstances. To apply for Asteron Lifeguard through FirstChoice, talk to your financial adviser.

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8 Important note This information is current as at July 2011 but is subject to change. It is provided as a brief overview for adviser use only and has been prepared without taking into account any person s objectives, financial situation or needs. Before acting on the information, all persons should consider the appropriateness of this advice having regard to their own objectives, financial situation and needs. Products referred to in this document form part of the Asteron Lifeguard product suite. Persons should obtain, read and consider the Asteron Lifeguard Product Disclosure Statement (PDS), available from or contact , before making a decision whether to acquire or continue to hold a product. Asteron Lifeguard is issued by Asteron Life Limited ABN AFSL (Asteron) and Suncorp Portfolio Services Limited ABN AFSL RSE License No L (SPSL). Asteron and SPSL are related bodies corporate of Suncorp-Metway Limited ABN (Suncorp). The obligations of Asteron and SPSL are not guaranteed by any other company in the Suncorp Group. This product is not a bank deposit or other bank liability of Suncorp. Issued July 2011 AS /06/11 A