Partners Life is introducing the Life Advantage discount – a permanent 10% premium reduction on eligible Life and Trauma covers for clients who meet specific eligibility criteria.
In an Adviser Update the insurer says that with cost-of-living pressures top of mind for New Zealanders, it’s delighted to introduce the permanent premium reduction. It says that when advisers log in they’ll now be able to apply the discount for eligible clients.
The covers under Partners Life Journey Plan and Partners Life Journey Plan (for Business) that are eligible for the Life Advantage discount are:
- Life Cover
- Life Income Cover
- Trauma Cover Accelerated and Standalone
- Moderate Trauma Cover Accelerated and Standalone
- Severe Trauma Cover Accelerated and Standalone
Partners Life says that to qualify for the Life Advantage discount, lives assured need to meet the following criteria when they apply for new or increased cover and complete full medical underwriting:
- Aged 16 and over
- Non-smoker
- BMI between 18.50 and 26.99
“Even if clients reduce their cover in the future, the percentage discount remains in place for the lifetime of their eligible cover. Plus, this offer can be combined with the multi-benefit discounts – maximising the opportunity to save,” Partners Life says.
On its website the insurer notes that this is a permanent discount that stays with the client “no matter what”.
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