 |
|
|
|
|
|
|
|
|
|
 |
|
You can’t predict what will happen in the future, but you can be prepared. It’s important to think about who would provide for your family, should the worst happen to you. |
|
|
|
|
Quotes and application
|
|
|
|
|
 |
Contact us for a quote or to apply for insurance |
| |
> |
phone 0800 177 277
(Monday to Friday,
8am to 8.30pm;
Saturday
9am to 3pm) |
| |
> |
Westpac branches |
|
Make a claim
|
|
|
|
|
|
Contact us to make a claim |
| |
> |
from NZ phone 0800 738 641
(8am to 5.30pm,
Monday to Friday) |
| |
> |
from overseas phone +64 3 372 4855 |
| |
> |
Westpac branches |
Contact us
|
| Features of Term Cover life insurance |
 |
| Our life insurance policy |
|
 |
can pay out a lump sum if you die |
|
|
|
can pay a lump sum in advance if you develop an illness that we believe will result in your death within 12 months |
|
|
|
offers optional Crisis Cover to help you manage financially if you develop one of 10 defined critical health conditions |
|
|
|
optional Disability Cover can pay a monthly benefit up to 36 months if you’re unable to work due to total disability from illness or injury |
|
|
|
optional Redundancy/Bankruptcy Cover can pay a monthly benefit up to 6 months if you’re made involuntarily redundant or bankrupt |
|
|
|
allows you to apply to increase or decrease your cover as your needs change (this will affect your premium) |
|
|
|
can be cancelled—with no penalties |
|
|
|
can continue up to age 100 |
|
|
|
offers free accidental death insurance up to $300,000, for up to 60 days, while your application is being processed. |
|
|
|
paying off outstanding loans |
|
|
|
the cost of your children’s education |
|
|
|
how long before your children are independent |
|
|
|
how much will be needed to provide an ongoing income for your partner and family. |
|
|
| > life insurance calculator |
|
|
|
| As well as life insurance, you can also take out Crisis Cover, Disability Cover or Redundancy/Bankruptcy Cover. |
|
|
may pay a lump sum if you develop one of 10 defined critical health conditions |
|
|
you don’t have to be terminally ill to make a claim |
|
|
can continue up to age 65. |
|
|
available to anyone aged between 18 and 60 years and can continue up to age 65 |
|
|
pays a monthly benefit up to 36 months if you can’t work due to total disability from illness or injury |
|
|
benefit can be up to 40% of your gross income |
|
|
six set levels to choose from: $1,500 up to $4,000 |
|
|
maximum benefit of $1,500 per month if you work 25 hours or less a week |
|
|
you won’t pay premiums for the whole Term Cover policy if you are claiming this cover. |
|
|
optional benefit that’s available if you have Disability Cover |
|
|
pays a monthly benefit up to 6 months if you are made involuntarily redundant or bankrupt. |
|
| Full terms, conditions, limits and exclusions can be found in the policy document. |
|
 |
|
can be paid fortnightly or monthly to fit in with your budget |
|
|
reviewed each year and will generally go up as your age increases |
|
|
will change if you alter your cover e.g. you can increase or decrease your cover |
|
|
life cover and associated premiums can be automatically inflation-adjusted up to age 75 to help maintain your protection level. |
|
|
| All claims are paid to the policy owner. |
|
|
lump sum is paid if you die, or |
|
|
lump sum is paid in advance if you develop an illness that we believe will result in your death within 12 months. |
|
| To qualify for a claim under Crisis Cover, your condition must fall within the medical definitions in your policy, if applicable. |
|
|
the Crisis Cover part of your policy will end |
|
|
your death or terminal illness benefit will reduce by the amount of the lump sum paid. |
|
|
claims made as a result of disability, redundancy or bankruptcy will not affect the overall amount on your life insurance policy |
|
|
claim will be reduced by the amount you receive or are entitled to receive from the Accident Compensation Corporation (ACC). |
|
|
