Income Protection
Replaces up to 80% of the Insured Person’s monthly income if they’re unable to work at their full capacity due to sickness or injury.
This is often used to pay rent or mortgage payments, living and medical expenses. You can be reassured that even if you can’t work, your family’s plans may still be attainable (whether it’s your child’s education or your next holiday).
Key features
Full details of all the features listed below are available in the BT Protection Plans Product Disclosure Statement.
- Protection against inflation to ensure the value of your benefits keep up with the cost of living
- Guaranteed renewable so you can be certain your policies continue for the term specified
- Guaranteed upgrades so you can be certain that your Policy is still as good in the future as when you first took it out
- Loyalty Benefit to reward you for your loyalty with us
- Worldwide cover - 24 hours a day so we provide peace of mind, regardless of where you are
- Choice of Agreed Value or Indemnity Policy
- Total Disability Benefit
- Partial Disability Benefit
- Elective Surgery Benefit
- Rehabilitation Expense Benefit (Not available if the Policy is being paid through a SuperWrap account)
- Rehabilitation Program Benefit (Not available if the Policy is being paid through a SuperWrap account)
- Recurrent Disability Benefit
Optional Features
- Superannuation Contribution Option
Other Options you can add
- Needlestick Benefit (Not available if the Policy is being paid through a SuperWrap account)
- Children’s Benefit (Not available if the Policy is being paid through a SuperWrap account)
Income Protection Plus
With Income Protection Plus you have access to all the benefits of Income Protection with the 14 additional Benefits. Income Protection Plus is not available if the Policy is being paid through a SuperWrap account)
Optional Features
- Accident Benefit
- Superannuation Contribution Option
- Income Linking Plus
Other Options you can add
- Needlestick Benefit (Not available if the Policy is being paid through a SuperWrap account)
- Children’s Benefit (Not available if the Policy is being paid through a SuperWrap account)
For more information
For more information on BT Protection Plans, contact your Financial adviser, or call us on 1300 553 764.
Related information
BT Portfolio Services Limited ABN 73 095 055 208, AFSL No. 233715 (BTPS) arranges the issue of the BT Protection Plans (Wrap and Wrap Essentials) by Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. 233728 (Westpac Life).
BTPS administers BT Protection Plans (SuperWrap and SuperWrap Essentials). BT Funds Management Limited (BTFM) ABN 63 002 916 458, AFSL No. 233724, RSE No. L0001090 is the trustee and issuer of SuperWrap and SuperWrap Essentials and Westpac Life is the insurer.
Westpac Banking Corporation ABN 33 007 457 141 is a distributor and is not responsible or liable for payments under BT Protection Plans.
Did you know?
Term Life insurance pays a lump sum benefit if you die or are diagnosed with a terminal illness.
Insurance can be surprisingly affordable and straight-forward.
