BT Term Life insurance

Life is full of unexpected surprises. That’s why it’s good to know that you can help secure your family’s future against the unexpected with Term Life.

Why BT Term Life Insurance

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

Features and benefits

Change your cover as you need

You have the option to increase or decrease your level of cover so your policy continues to suit your needs no matter what life stage you're at.

Guaranteed continued cover

All BT Protection Plans are guaranteed to continue for the term specified. This means that as long as you continue to pay your premiums, your cover will continue, even if your circumstances change.

Product upgrades

All new product upgrades, that don't result in an increase in premiums, are automatically applied to your existing policy so you continue to hold the most up-to-date BT Protection Plans product available.

Claiming made easier

A dedicated claims manager to make the claims experience as easy as possible.

Low-cost fees

Take out cover worth $750,000 from around $2.50 a day1.

1Based on rates for BT Protection Plans current as of June 2016. Cost based on Term Life cover for a 45 year old, non-smoking male, living in NSW, paying a stepped annual premium.

Contact a BT Wealth Consultant to discuss Term Life insurance

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