Most people have a penchant to know the future, because they want to be prepared for whatever life can bring. However, despite this obsession about the future, it is still an irony to see that most people don’t really take serious thought to prepare for it. The result of this neglect could be devastating, especially in the event of death or accidents.

Necessary measures are therefore needed to soften these unexpected blows. One of these preparations might come in the form of life insurance.

Life insurance, although it still has some morbid connotations to some people, has a lot of benefits and advantages to you and your family. For one, life insurance would surely help you deal with sudden changes that could invite financial stress.

Second, life insurance can be a good investment. It can benefit your children, let you have access to emergency loans while you are still alive, and more.

Another main feature or advantage life insurance can give you and your family is the death benefit.

Death benefit is a lump sum paid to the surviving family members of the insured. This is to help the surviving members cope or deal with the changes brought about by sudden death or illness, especially if the insured is the main wage earner in the family. It helps the family of the insured make a smooth transition without incurring financial stress with the emotional stress.

Death benefits can be paid every month, or periodically as an annuity, or as a lump sum payment. They never decrease or change and is tax-free. That means you are protected your whole life while building a cash value on a tax deferred basis.

That is why it is very important to look at all aspects when considering purchasing life insurance, so that you can get the full value and enjoy its benefits.

Asteron Life Insurance (Death Benefits)

Life insurance is not just beneficial during a person’s death. Life insurance is about life and letting you enjoy life without being afraid of the unexpected things.

Therefore, Asteron Life Insurance (Death Benefits) does not just focus on what you and your family can get at the event of death, but also while you are still alive.

Child Cover

Asteron Life Insurance not only benefits you, but your family as well. Through this insurance policy, each child you have can receive $10,000 worth of cover just by paying a $1 extra through their Child Cover Premium-free.

Recovery Package

Furthermore, it has a Recovery Package that is worth $10,000 in its first 2 years and increases to a maximum of $20,000 from five years onwards. And in case you are worried how much all of these is worth, there is no maximum amount life cover. So it still depends n your needs and goals how much life cover you want.

Lump Sum

You might still be wondering what benefits there is in the event of death since this is all about Asteron Life Insurance (Death Benefits). For starters, the surviving family members of the insured will receive a lump sum when the insured dies or the insured himself will receive the lump sum if diagnosed with a terminal illness.

Advance Funeral Benefits

Another benefit that the surviving family members will receive through the Asteron Life Insurance (Death Benefits) is the Advance Funeral Benefit which could be up to a maximum of $20,000. This helps with whatever funeral expenses the family has.

TPD

Another feature the life insurance has is the Total Permanent Disability or TPD. This cover pays you out a lump sum which helps ease the financial strain if you become totally or permanently disabled. This cover has 3 types of benefits you can choose from. The Single TPD Pay Out and the Single TPD with no Buy Back Pay Out which pay the full sum insured of the TPD benefit, but reduces the amount of the life cover by the amount of the TPD benefit payment.

The third type of benefit is the Double TPD Payout which pays you the full amount insured of the TPD benefit before you are 65 and without decreasing your life cover.

Types of Asteron Life Insurance (Death Benefits) Premiums

When choosing Asteron Life Insurance (Death Benefits), you should bear in mind that there are two ways that you can pay the premium – stepped and level.

A stepped premium lets you pay a lower initial payment but one that increases every year as you grow older. On the other hand, a level premium lets you pay a much higher initial payment but maintains the same level of premium unless you requested additional cover.

The entry age for a stepped premium is 17 to 74 years old; while the premium level is from 24 to 59.

Why Choose Asteron Life Insurance (Death Benefits)

With so many life insurance providers in Australia, you might ask what makes Asteron different than other insurance providers. There are a number of reasons which are summarised below:

• Strong claims record: Over a period of time, Asteron has paid $228 million in total claims.
• Long history: Asteron has been in the insurance industry for 175 years.
• Award winning company: Asteron has received various awards over the years from different insurance award giving bodies including the AFA Life Company of the Year.
• Great Rewards: Asteron gives special loyalty rewards for every year you stay longer with them.

Choosing life insurance cover is not as complicated as it may look like when you know your goals and needs. Asteron Life Insurance (Death Benefits) has all the necessary you need in life and in death. However, if you are still unsure, you can talk to a financial adviser to help you strategise which life cover is the best for you.