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.

Knowing which types of insurance to select depends on your circumstances. We explain what to look for.
When it comes time to make a decision about personal insurance, it’s hard to know where to start. So to help you with this process, we’ve identified some key things you may want to consider when it comes to your insurance if it is held inside super.
Term Life insurance can help loved ones avoid financial hardship if you pass away. It can mean they continue to enjoy a quality lifestyle if tragedy strikes.
We explain the range of additional insurance options available from BT for homemakers, children and health professionals.

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.

Discover how Total and Permanent Disablement (TPD) insurance can pay a lump sum in the event you become totally and permanently disabled.
Living insurance is designed to pay you a sum of money if you are diagnosed with a life threatening illness or experience some kind of trauma. Learn more about the benefits and also the drawbacks here.

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 business overheads insurance can play a valuable role protecting your enterprise and your financial wellbeing.
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

A target market determination has been made for Protection Plans products. Please visit bt.com.au/tmd for any of our target market determinations.

The Insurer and Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728, except for Term Life as Superannuation, Income Protection as Superannuation and Income Protection Assured as Superannuation, issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 as Trustee of Retirement Wrap ABN 39 827 542 991. They are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, who does not guarantee the insurance. This information does not take into account your personal circumstances. Terms and conditions, and limitations and exclusions apply. Please read the Product Disclosure Statement to see if this insurance is right for you.

© Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714