How much will it cost?
Unlike policies with stepped premium rates, low flat premium rates to age 60 make Defence Health Term Life insurance very affordable over the term of the policy.
Term Life insurance premiums
Here are some examples of monthly premiums for Defence Health Term Life insurance.
Term Life
|
Serving
|
Non-serving
|
|
Benefit amount
|
Non-smoker
|
Smoker
|
Non-smoker
|
Smoker
|
|
$100,000
|
$12.25
|
$22.25
|
$14.17
|
$24.75
|
|
$150,000
|
$18.38
|
$33.38
|
$21.25
|
$37.13
|
|
$300,000
|
$36.75
|
$66.75
|
$42.50
|
$74.25
|
|
$500,000
|
$61.25
|
$111.25
|
$70.83
|
$123.75
|
These are base monthly premium rates to age 60 for Defence Health Term Life insurance and are subject to underwriting.
Critical Conditions Benefit premiums
Critical Conditions Benefit (CCB) is optional and available for an additional cost. The premium rates are stepped per age-bands.
CCB
|
Age 17-35 next birthday
|
Age 36-40 next birthday
|
|
Amount
|
Non-smoker
|
Smoker
|
Non-smoker
|
Smoker
|
|
$25,000
|
$2.71
|
$4.33
|
$4.33
|
$7.04
|
|
$50,000
|
$5.42
|
$8.67
|
$8.67
|
$14.08
|
|
$100,000
|
$10.83
|
$17.33
|
$17.33
|
$28.17
|
|
$250,000
|
$27.08
|
$43.33
|
$43.33
|
$70.42
|
These are base monthly premium rates for CCB for both serving and non-serving personnel and are subject to underwriting. Rates for ages between 41-60 next birthday are available from Defence Health.
Premium payment
Defence Health Term Life insurance has premium payment options to suit everyone.
Method of payment
|
Yearly
|
Half-yearly
|
Quarterly
|
Monthly
|
|
Cheque
|
Yes
|
Yes
|
Yes
|
N/A
|
|
Direct debit/Credit Card*
|
Yes
|
Yes
|
Yes
|
Yes
|
Premium guarantee
Premium rates are guaranteed not to change unless, on actuarial advice, Asteron changes the rates for all equivalent policies having the same smoking status and/or serving/non-serving person status. Asteron cannot single out individual policies for individual premium rate changes. If the rates increase, you will be given 30-days notice in writing.
How much will it cost?
Unlike policies with stepped premium rates, low flat premium rates to age 60 make Defence Health Term Life insurance very affordable over the term of the policy.
Term Life insurance premiums
Here are some examples of monthly premiums for Defence Health Term Life insurance.
Term Life
|
Serving
|
Non-serving
|
|
Benefit amount
|
Non-smoker
|
Smoker
|
Non-smoker
|
Smoker
|
|
$100,000
|
$12.25
|
$22.25
|
$14.17
|
$24.75
|
|
$150,000
|
$18.38
|
$33.38
|
$21.25
|
$37.13
|
|
$300,000
|
$36.75
|
$66.75
|
$42.50
|
$74.25
|
|
$500,000
|
$61.25
|
$111.25
|
$70.83
|
$123.75
|
These are base monthly premium rates to age 60 for Defence Health Term Life insurance and are subject to underwriting.
Critical Conditions Benefit premiums
Critical Conditions Benefit (CCB) is optional and available for an additional cost. The premium rates are stepped per age-bands.
CCB
|
Age 17-35 next birthday
|
Age 36-40 next birthday
|
|
Amount
|
Non-smoker
|
Smoker
|
Non-smoker
|
Smoker
|
|
$25,000
|
$2.71
|
$4.33
|
$4.33
|
$7.04
|
|
$50,000
|
$5.42
|
$8.67
|
$8.67
|
$14.08
|
|
$100,000
|
$10.83
|
$17.33
|
$17.33
|
$28.17
|
|
$250,000
|
$27.08
|
$43.33
|
$43.33
|
$70.42
|
These are base monthly premium rates for CCB for both serving and non-serving personnel and are subject to underwriting. Rates for ages between 41-60 next birthday are available from Defence Health.
Premium payment
Defence Health Term Life insurance has premium payment options to suit everyone.
Method of payment
|
Yearly
|
Half-yearly
|
Quarterly
|
Monthly
|
|
Cheque
|
Yes
|
Yes
|
Yes
|
N/A
|
|
Direct debit/Credit Card*
|
Yes
|
Yes
|
Yes
|
Yes
|
Premium guarantee
Premium rates are guaranteed not to change unless, on actuarial advice, Asteron changes the rates for all equivalent policies having the same smoking status and/or serving/non-serving person status. Asteron cannot single out individual policies for individual premium rate changes. If the rates increase, you will be given 30-days notice in writing.