We all have hopes and dreams for ourselves and our loved ones. If you could no longer work, what would happen to your way of life, your family? What if the worst happens? We've designed a range of personal insurance solutions to help protect the way you live and the people closest to you.
- A comprehensive range of life insurance solutions for a wide range of situations
- Protects you and your loved ones from the financial effects of injury, illness, permanent disability and death
- Talk to a financial adviser for advice on cover that's right for you
How to apply
The Insurer of BT Protection Plans is Westpac Life Insurance Services Limited ABN 31 003 149 157, AFSL Number 233728 ('the Insurer').
BT Protection Plans is issued by the Insurer except for Term Life as Superannuation and Income Protection as Superannuation which are issued by Westpac Securities Administration Limited ABN 77 000 049 472, AFSL Number 233731 ('WSAL') as trustee of the Westpac MasterTrust ABN 81 236 903 448. The Insurer and WSAL are wholly owned subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714, ('the Bank'). None of the BT Protection Plans, an interest in the Westpac MasterTrust or Retirement Wrap ABN 39 827 542 991, RSE Registration R1001327 (of which SuperWrap is part of), nor an investment in Wrap, are an investment in, deposit with or other liability of the Bank. These policies are distributed by Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 (Bank of Melbourne). Westpac Life is a subsidiary of Westpac Banking Corporation (Bank). Bank of Melbourne Financial Planners are representatives of the Bank. Neither the Bank, nor any member of the Westpac Group (other than the Insurer) guarantees the benefits payable in relation to BT Protection Plans.
This information has been prepared without taking into consideration your personal needs and financial circumstances. You should consider the appropriateness of this information with regard to your objectives, financial situation and needs. Before making a decision in relation to BT Protection Plans, you should consider the BT Protection Plans Disclosure Statement ('PDS') and consider whether the product is right for you. The PDS explains conditions, terms, limits and exclusions and is available from your financial adviser. The Bank of Melbourne Privacy Statement is available here.
BT Protection Plans
Effective date: 1 July 2017
APRA has approved an application by Westpac Life Insurance Services Limited to restructure its statutory funds under the Life Insurance Act 1995 (Cth).
As a result, from 1 July 2017, the section headed 'Where we put your money' at page 81 of the PDS is replaced with:
Term Life, Standalone Total and Permanent Disablement, Flexible Linking Plus, Children's Benefit, Needlestick Benefit, and the insurance policy issued by the Insurer to WSAL under Term Life as Superannuation are included in the Westpac Life No. 1 Statutory Fund. All other Policies are included in the Westpac Life No. 2 Statutory Fund. We pay your benefits from these funds. The money in the funds is regulated under the Life Insurance Act 1995.