Understanding income protection
Have you truly considered the consequences of losing your income, and the financial impact it might have? Find out how to protect your most valuable asset and the types of insurance available.
The chances of becoming disabled and unable to work for more than 3 months is 7 times more likely than having your car stolen. How would your budget, your lifestyle, and your mortgage, car or credit card repayments stack up if your income suddenly ceased?
Our income protection products
Things you should know
Note this information provided is for new applicants only. Existing customers should refer to their Policy Schedule for Terms and Conditions relating to their individual policy.
A target market determination has been made for Protection Plans products. Please visit westpac.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.