Whether you're employed, self-employed or a non-working spouse, BT Lifetime Super - Personal Super offers flexibility and investment options to take control of your superannuation and plan for your lifestyle in retirement.
Protecting your family against the unexpected is an important part of financial planning.
Life insurance can provide you with the comfort of knowing your family will have help paying a mortgage or other bills should you die or suffer permanent disablement. There are also a number of benefits in buying your life insurance through a superannuation fund.
Large superannuation funds may be able to negotiate lower premium rates on insurance policies. This means you may benefit from lower premiums than if you were to pay for your insurance separately.
Linking your insurance to superannuation is also a strategy that can potentially save you tax.
You can pay premiums with pre-tax dollars if you salary sacrifice
Your premiums may be tax-deductible if you are self-employed and arrange insurance via your superannuation fund
If you make spouse contributions that pay insurance premiums you may be eligible for the spouse rebate.
Take a look at the types of insurance available with the following superannuation plans by downloading the Product Disclosure Statement (PDS).
|Super plan||Insurance type|
|BT Lifetime - Personal Super PDS||Death only or Death and Total and Permanent Disablement (TPD)|
|BT SuperWrap - Personal Super Plan||Death only or Death and TPD|
|BT Lifetime Super - Employer Plan PDS||Death only or Death and TPD and/or Salary Continuance|
|BT Business Super PDS||Death only or Death and TPD and/or Salary Continuance|
Please note: your employer superannuation may automatically include insurance, and your employer may give you the option to specify your own cover or vary the standard cover. To find out if you already have life insurance included in your plan, please check your new-member or annual statement.
To find out more about BT Life Insurance, call BT Customer Relations on 132 135.