Term Life Insurance
Term Life pays a lump sum amount in the event of death.
For less than the cost of a coffee a day you could have up to $750,000 worth of Life Insurance cover1.
Term Life Insurance can help cover your family for expenses, such as rent or mortgage payments. More importantly, it helps to secure their future. The right cover means your family can afford the lifestyle you want for them — education, travel and quality of living — for many years to come.
Full details of all the features listed below are available in the Product Disclosure Statement.
Key features
- Death Benefit
- Terminal Illness Benefit
- Financial Planning Benefit (not available in SuperWrap)
- Funeral Advancement Benefit (not available in SuperWrap)
- Guaranteed Renewable
- Future Insurability Benefit for personal & business events
- Protection against inflation
- Ability to nominate Beneficiaries
Optional features
- Disability Benefit
- Living Benefit (not available in SuperWrap)
- Buy Back Benefits (only Disability Buy-back available in SuperWrap)
- Multi-link Benefit (not available in SuperWrap).
1 It costs less than $2 a day for $750,000 cover based on a non-smoking 45 year old male, NSW resident (Rates: BTLPP Term LIfe Policy).
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?
Insurance covers many different situations, some of which are very important for fit and healthy people.
Income Protection insurance replaces up to 75% of your income (and 100% of compulsory superannuation contributions) while you are unable to work due to sickness or injury.
Learn more
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Get wise on life insurance
BT Financial Group is proud to support the Investment and Financial Services Association (IFSA) Lifewise campaign.