Tower tweaks trauma conditions and benefits

Earlier this year it introduced increases to non-medical underwriting limits which were then followed by reduced premiums on the TOWER Life 360 and TOWER Business 360 products. This latest set of enhancements deals mainly with conditions and definitions. “These enhancements, in combination with the sharper premium rates we introduced in June, provide a compelling package for advisers to take to their customers, particularly those insuring for higher levels”, TOWER Health & Life chief executive Steve Boomert says.

Tower Health & Life Head of Products & Marketing Grant Hill says the trauma policies are already highly rated, with an A+ from Strategy Financial. These changes should help cement their competitive position.

There are a number of changes which are covered in the list below, however a couple which advisers have wanted are the addition of coronary artery angioplasty. Under this condition Tower pays a full benefit when three or more vessels are treated with greater than 50% occlusion.

Two improved conditions are with regards to intensive care and stroke.