|What can Akira do with his Lump Sum Covers||Approximate premium reduction range||What does making this change mean for Akira?|
|Change payment frequency from monthly to annual||6%||Paying premiums annually is cheaper than paying monthly. But it also means Akira would have to pay each year's premium upfront, which could affect his cashflow.
This information is dated June 2023 and may be subject to change. This case study is for illustrative purposes only and based on the scenario described - actual policy options vary depending on the product type held and premium reductions will vary depending on the specific circumstances of each individual case. OnePath insurance products are issued by Zurich Australia Limited (Zurich, OnePath) ABN 92 000 010 195, AFL 232510. The information is a summary only and there are relevant conditions and exclusions that are explained in the Product Disclosure Statement (PDS).
This information is of a general nature and has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate, having regard to your objectives, financial situation and needs, and consider the Product Disclosure Statement and Policy Terms (PDS) before deciding whether to acquire, or to continue to hold, the product. Please visit www.onepath.com.au for a copy of the PDS.