Term Life Insurance
Pays a lump sum in the event of death or on diagnosis of a terminal illness.
Term Life insurance can help cover your family for expenses, such as rent or mortgage payments. This type of cover is beneficial for anyone who wants to ensure that their family can still have the lifestyle planned for them - education, travel and quality of living - for many years to come.
It helps to secure your family’s future if you’re no longer around. Taking this cover within superannuation may provide tax benefits to you.
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
- Death Benefit
- Terminal Illness Benefit
- Future Insurability Benefit (Personal and Business Events)
- Financial Planning Benefit (not available in Term Life as Superannuation & or SuperWrap)
- Funeral Advancement Benefit (not available in Term Life as Superannuation & or SuperWrap)
- Counselling Benefit (not available in Term Life as Superannuation & or SuperWrap)
Optional features
- TPD Benefit
- Living Benefit (not available in Term Life as Superannuation & or SuperWrap))
- Flexible Linking Plus
Other Options you can add
- Business Cover Benefit
- Multi-link Benefit (not available in Term Life as Superannuation & or SuperWrap)
- Needlestick Benefit (not available in Term Life as Superannuation & or SuperWrap)
- Children’s Benefit (not available in Term Life as Superannuation & or SuperWrap)
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?
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
Get wise on life insurance
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