Level premiums for life among Asteron changes

The insurer said it was releasing new level premium options for its SmartLife, personal insurance and business insurance life cover customers.

In addition to the existing "level to 70" and "level to 80" options, customers will now be able to select level premiums to ages 50, 60, 65, 75 and 100.

The maximum entry age for selecting level to 70 and level to 80 premiums is also rising.

“We’ve seen about a 30% uptake of level premiums from customers with life insurance, and we know that there is real demand for the certainty that level premiums can offer our customers,” said Graham Hill, Asteron Life’s executive manager life distribution.