Living Insurance
Living insurance (sometimes referred to as trauma insurance) pays a lump sum in the event that you suffer from one of a range of specific medical events such as cancer, a heart condition or loss of a limb. There is also a Living Plus Option which provides more comprehensive cover.
The additional funds which Living Insurance provides can alleviate the financial strain of major hospital expenses and may also allow you to obtain additional or superior medical treatment.
Living Insurance cover can be added to Term Life policy as an additional benefit, or can be provided as a standalone policy. Living Insurance is not available if premiums are paid from a SuperWrap account.
Full details of all the features listed below are available in the BT Protection Plans Product Disclosure Statement.
Key features
- 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
- Over 50 specified conditions and injuries
- Living Benefit
- Advancement Benefit
- Living Insurance Death Benefit
- Child Support Benefit
- Financial Planning Benefit
- Counselling Benefit
Optional features
- Living Plus Option
- Living Reinstatement Benefit.
Other Options you can add
- Needlestick Benefit
- Children’s Benefit.
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?
Total and Permanent Disablement (TPD) insurance pays a lump sum benefit if you are unlikely to work again due to a permanent disability.
Many people often underestimate the cost of certain events.
Learn more
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