TOURELLE LIFEBROKERS - WHAT ARE LEVEL PREMIUMS?
MAKE PAYING FOR YOUR INSURANCE EASIER WITH LEVEL PREMIUMS & SAVE
Most insurance premiums increase as you get older. Level premiums give you the ability to fix your premiums so they won't increase due to age. This can save you thousands of dollars over the life of your policy.
The average age people cancel their income protection is 46. The average age they need to claim on their income/protection is 47. (Asteron life claims experience data)
HERE IS HOW IT WORKS
Mark brown is in his early forties and has $500,000 of Life cover. If Mark chooses a yearly increasing premium structure he'll pay a total of $167,300 over the next thirty years. If however, Mark chooses a level (fixed) premium structure, he will pay a total of only $47,500, saving $119,750 over the next thirty years.
LEVEL PREMIUMS FOR:
Income Protection: Until you turn 65, 70, or until your cover expires.
Cancer Cover: Until you turn 65 or 70.
Life Cover: Until you turn 70, 80, 90 and 100 (great for farm succession planning)
Trauma Recovery Cover: Until you turn 65 or 70
Accelerated Total and Permanent Disability Cover: Until you turn 70 or 80
Stand Alone Total and Permanent Disability Cover: Until you turn 65 or 70
Level premium insurance can save you literally thousands and thousands of dollars over the life of your policy, meaning you're protected against paying very large premiums as you get older.
F.: 0800 865 855
P. 07 863 4615
E. tourelle@tourelle.co.nz
PO Box 132, Waihi Beach 3642