Living Insurance
Living Insurance (sometimes referred to as trauma insurance) pays a lump sum benefit if you covers you in the event that you suffer from a range of specific illnesses such as cancer, a heart condition or an injruy such as loss of a limb. It is a one off payment which protects your family and, by reducing financial stress may make it easier for you to get back to good health. Medical treatment can be very expensive and the additional funds which Living Insurance provides can alleviate the financial strain of major hospital expenses and may also allow you to obtain superior medical treatment.
Living Insurance cover can be added to a Term Life policy as an additional benefit, or can be provided as a standalone policy. Living Insurance is not available in SuperWrap.
Key features
- Advancement Benefit payment
- 40 specified conditions and injuries
- Guaranteed Renewable
- Protection against inflation
- Death Benefit up to $10,000
- Financial Planning Benefit.
Optional features
- Living Benefit Reinstatement.
Full details of these features are available in the Product Disclosure Statement.
BT Portfolio Services Limited ABN 73 095 055 208, AFSL No. 233715 (BTPS) arranges the issue of the BT Life Protection Plans (Wrap and Wrap Essentials) by Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL No. 233728 (Westpac Life).
BTPS adminisites BT Life Protection Plans (SuperWrap and SuperWrap Essentials). Trust Company Superannuation Services Limited ABN 49 006 421 638 is the trustee and issuer of SuperWrap 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 Life 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
Get wise on life insurance
BT Financial Group is proud to support the Investment and Financial Services Association (IFSA) Lifewise campaign.
