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Enhancements to TOWER Accelerated Protection

TOWER Australia has released a series of enhancements to its flagship Accelerated Protection product range, to take effect from 28 April 2010.

The insurer reports it has introduced 14 enhanced benefits and definitions which will apply to all policyholders with an in-force Accelerated Protection policy.

… there will be no pricing changes

TOWER also reports there will be no pricing changes as a result of the introduction of these enhancements.

Head of Product and Marketing at TOWER Australia, David Denison, said that in addition to the product, TOWER Australia has also made improvements to the online system to make the process of applying for life insurance simpler and easier for advisers and their customers:

“Little things, like reducing the number of clicks required to complete quotes on the latest version of Accelerated Protection is just one example of how we are trying to make advisers’ lives easier,” said Mr Denison.

More details will be provided in a forthcoming riskinfo report.