Tower alters premiums

Steve Boomert, TOWER Health & Life Chief Executive said, "Survival after a serious illness or injury is becoming more common and the financial burden can linger long after the event. We are determined to assist New Zealanders through these difficult periods and make living insurance more affordable. Both new and existing Life and Business 360 customers will benefit from the changes."

In addition TOWER has announced enhancements to their Business 360 Key Person cover. Partial disability cover has been introduced to assist key employees to return to work and the maximum cover has been increased to 150% of salary. These improvements mean that the policy remains an important cover for key employees in small businesses.

Boomert said, "We're delighted to be able to introduce these enhancements which ensure TOWER continues to be at the market forefront with competitive offerings."