AIA presents our 5-year rate guarantee#, delivering more certainty for our Priority Protection customers. With this guarantee, we hope to support customers through current financial pressures and provide advisers with confidence in our product. Just another way we’re of helping people lead healthier, longer, better lives.
You asked, we listened
The 5-year rate guarantee#, for new Priority Protection customers who take out cover on the Income Protection CORE 5-year or 2-year benefit period options, provides the certainty that customers are seeking.
By offering pricing stability, we’re helping customers manage household cost pressures and inflationary markets, while ensuring they still have the cover they need when they need it most.
From an adviser perspective, providing 5 years of greater certainty to customers gives you greater confidence when recommending AIA. Through our shared value approach, this guarantee supports your advice to your clients during uncertain times. By offering the 5-year benefit period, your advice can deliver yearly premium savings, relative to what would have been paid under a ‘To Age 65’ benefit period structure. Your clients may then be able to use these savings as additional payments on a home loan, extra concessional/non-concessional superannuation contributions, or as a cash buffer to offset the surging cost of living.
#5-year rate guarantee is available to new business customers who take out Income Protection CORE benefit excluding to Age 65 benefit period option. If an existing Policy is altered or cancelled and replaced with another Priority Protection policy, the premium rate guarantee period does not restart from the date of the alteration or replacement. For full details see the AIA Adviser Guide.
New AIA Priority Protection PDS
Access our new Product Disclosure Statement (PDS) and new application forms for all Priority Protection applications here, including a summary of the changes we've made.
For more information about AIAA’s Priority Protection contact your AIAA Client Development Manager or Associate, or our Adviser Support team on 1800 033 490.