You may have private health cover to meet the cost of medical treatment. But what about afterwards? How will you manage financially?
Living insurance (also known as trauma or critical illness insurance) can help alleviate the financial stress of major expenses, giving you some financial peace of mind so you can focus on what's truly important – your recovery.
All too often we assume a serious illness won’t happen to us. Yet figures from the Australian Institute of Health and Welfare estimate 1 in 2 Australian men and 1 in 3 Australia women will be diagnosed with cancer by the age of 85.*
*Source: Australian Institute of Health and Welfare 2012. Cancer incidence projections: Australia, 2011 to 2020. Cancer Series no. 66. Cat. No. CAN 62. Canberra: AIHW.
Without Living insurance (also known as trauma insurance or critical illness insurance) in place, the financial wellbeing of youself and your family could be seriously jeopardised.
That’s where living insurance fits into a sensible financial plan, with three important benefits:
1 Comprehensive cover
Living insurance offers cover for an extensive range of specified medical conditions including heart and other organ disorders, cancer, stroke and degenerative diseases like MS and Parkinson’s.
2 Built in Child Support Benefit
Receive at least $10,000 if your dependent child suffers from a specified children's medical event.
3 Guaranteed renewable cover
You can renew your cover every year until the benefit expiry age, provided that your premiums are paid, even if your health, occupation or situation changes.
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