Understanding insurance

Insurance can help you and your family prepare for the unexpected.

Insurance plays a central role in your financial plan and can help to provide financial security for you and your family when it's needed most.

Having adequate personal insurance in place can be very affordable. We explain the costs involved across several types of cover including Term Life insurance.
Knowing which types of insurance to select depends on your circumstances. We explain what to look for.
We explain the range of additional insurance options available from BT for homemakers, children and health professionals.
Your superannuation fund may offer a low cost and potentially tax-effective place to buy insurance. We explain the benefits and what to be aware of.

Protect your family and the people who matter in your life from possible financial hardship if you were no longer there for them or suffered a terminal illness.

Your ability to earn an income is one of your most valuable assets. Discover how Income Protection Insurance can prove vital if you can’t work due to illness or injury.

Discover how Total and Permanent Disablement (TPD) insurance can pay a lump sum in the event you become totally and permanently disabled.
Discover how business overheads insurance can play a valuable role protecting your enterprise and your financial wellbeing.
Living Insurance can pay a lump sum if you are diagnosed with a specified medical condition or undergo certain medical procedures. The payout can help you focus on recovery.
Discover the different types of insurance that can protect valuables like your home and contents, your car – and even your holiday plans.
Contact a BT Wealth Consultant to discuss BT’s insurance options

BT’s Term Life Insurance pays a lump sum if you die or are diagnosed with a terminal illness, helping your family recover and maintain their standard of living if you pass away prematurely.

  • Lump sum payable in the event of death or diagnosis of a terminal illness which is highly likely to result in death within the next 24 months

  • Loyalty benefit that provides an additional 5% at claim time once the policy has been in force for more than three years

  • Future Insurability benefit to allow you to increase the cover in the future upon certain life events without being medically underwritten

BT Protection Plans and BT Protection Plans for Mortgage Customers are issued by Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS), except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472 (WSAL) as trustee of the Westpac MasterTrust ABN 81 236 903 448. WLIS and WSAL are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 (the Bank).  The Bank does not guarantee the insurance. This information does not take into account your personal circumstances. Terms and conditions, and limitations and exclusions apply.  Read the Product Disclosure Statement to see if this insurance is right for you.

© BT Financial Group – a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714