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Protecting you and your loved ones

Wherever you are on your financial journey, protecting your family and your wealth along the way is key. In fact, another benefit of financial advice is knowing that you’ve got the right protection in place.

For example, if you were hurt, injured or suffering from a serious illness, you'd be free to rest and recover. Or, in the event of your death, your family would continue to enjoy the same lifestyle for years to come. That’s the value of financial planning.


A BT Adviser can help you determine the right type and level of cover for your needs. Solutions include:

  • Term Life Insurance
  • Income Protection
  • Living Insurance (also called trauma or critical illness insurance)
  • Total and Permanent Disablement Insurance.

Case Study

Giles, a self-employed cabinet maker from Northern NSW, was diagnosed with severe Aplastic Anaemia – a blood disease that affects the body's ability to produce new blood cells – in his mid-30s.

After being sent straight to hospital, Giles was told he needed a bone marrow transplant. He would spend the next three months in hospital in Sydney, during which time his wife gave birth to their first child.

Only 18 months earlier, Giles and his partner Kate had gone to see a financial adviser about their life insurance needs. At the time, they had just taken out a home loan and their main priority was making sure their debts were able to be paid off.

With the help of their financial adviser, Giles and Kate developed a protection plan that included income protection, total and permanent disablement (TPD) cover with an Own Occupation definition, and death cover.

When he was released from hospital, Giles was still a long way from being able to return to work. However, his inability to work meant he was eligible to make a claim under his income protection policy.

Six months later Giles returned back to work, but his health began to deteriorate. His medication was giving him severe cramps in his hands, and as a side effect of the bone marrow transplant he was experiencing graft-versus-host disease in his eyes. The long-term diagnosis was that Giles' eyes would prevent him from ever working as a cabinet maker again.

That meant he was eligible to claim under his TPD policy, in addition to the income protection benefits he was already receiving. The lump sum TPD benefit Giles received allowed him to reduce the family’s debts and prepare for the possibility of having to build a whole new career. “My sickness came on so suddenly and at a time when I was young and thought I was invincible.”

Things you should know

BT Advice Financial Services Guide

BT Advisers are representatives of Westpac Banking Corporation ABN 33 007 457 141 AFSL & Australian Credit Licence 233714 (Westpac). BT is a division of Westpac. Conditions, fees and charges may apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take into account your personal circumstances, so you should consider whether it's appropriate for you. View Westpac's Financial Services Guide (PDF 101KB). This is an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Information current as at March 2016.