NEWS FOR ADVISERS
TOWERnet updated with new income rates from 1 July 2009An update to TOWERnet version 8.4 is available for download from 1 July 2009.
The new release reflects the new income tax rates, including the Medicare levy, that apply from 1 July.
| Tax Thresholds | Tax Rates* | |
| $0 - $6,000 | 0% | |
| $6,001- $35,000 | 16.5% | |
| $35,001 - $80,000 | 31.5% | |
| $80,001 - $180,000 | 39.5% | |
| $180,001 + | 46.5% |
* includes the Medicare levy 1.5% TOWER continues to improve customer letters
TOWER continues to review and improve the letters we send to our new and existing customers, your clients. Click here for more information »
New flyers availableNew flyers about improved features and processes are now available on the Risk Products' Documents page:
- Newly qualified professionals - outlines the increased maximum levels of income protection cover, without the need for the usual financial requirements
- High income earners - outlines the increased monthly benefit payable to clients who earn more than $250,000 pa. Also the Income Protection Calculator has been updated to reflect the increased benefits for high income earners
- Health care professionals - discusses TOWER's approach to claims about blood borne diseases
- Preparing for tele-underwriting - explains the three easy steps clients need to follow when they apply for an Accelerated Protection Policy.
A wide range of enhancements have been made to the insurance benefits and definitions that make up the TPP Series 23-26, providing your clients with better insurance protection. For the booklets outlining the product enhancements for clients, refer to the TOWER More Benefits and More Smiles Booklet (Series 23-26) »
TOWER helping you support your clients impacted by the Victorian bushfiresTo TOWER's clients and our business partners affected by the Victorian bushfires, we offer our support. CEO Retail Life, Brett Clark has posted a message about how TOWER can assist you and your clients.
Click here for more information »
TOWER wins Gold at the Money magazine Awards 2009
TOWER has once again been recognised as a leader in life insurance at Money magazine's Best of the Best Awards 2009.
Click here for more information »
Great news! Products upgraded 17 November 2008
Accelerated Protection Policy (APP) and TOWER Protection Policy (TPP) have been upgraded and now offer better value to you and your clients.
Our market leading online risk solution, Accelerate, now has the extra features you have been asking for – making it an attractive proposition for all your clients. APP now offers stand-alone trauma and TPD, level premiums and lower premium rates for clients over 45.
The popular TPP has new benefits and more generous definitions.
Both products are supported by expert underwriters and a new specialist financial underwriting service to assist with large and complex cases.
To find out more about this product upgrade, ask your TOWER Sales Manager.
For a summary of the changes, refer to APP and TPP Product Upgrade Guide » and Your Questions Answered »
For detail of the changes, refer to APP and TPP Product Upgrade in Detail »
To order your new PDSs, Adviser Guides and marketing collateral, click here.
For the booklets outlining the product enhancements for clients, refer to the APP Product Upgrade Booklet » and the TPP Product Upgrade Booklet ». Refer to the APP Client Letter » and the TPP Client Letter ».