Variable age-stepped premiums are re-calculated on each plan anniversary based on your age at that anniversary.

Variable age-stepped premiums will therefore generally increase each year in line with your increase in age, as well as any increase in your sum insured as a result of the Indexation Benefit (if applicable).

For detailed information on how life insurance premiums are calculated and when premium rates can change, including the factors impacting the decision to change premium rates, please refer to your Futura Protection PDS.

With stepped premiums, the insured person’s premium is re-calculated on each plan anniversary based on their age on that anniversary. Stepped premiums will generally increase each year in line with the insured person’s increase in age and any increase in their sum insured as a result of Indexation Benefit (if applicable). Premium rates can change and are not guaranteed.