BT is a specialist in financial advice who has been offering investment, superannuation and insurance solutions to Australians since 1969. As one of Australia's foremost wealth managers, BT's goal is to help clients prepare for the best possible future, offering expert guidance to help you make sound financial choices for your individual circumstances.

BT offers a range of award-winning products supported by accessible services to help its customers achieve financial security and protect the lifestyle you deserve.

BT Insurance is part of BT Financial Group, which was acquired by the Westpac Group in 2002. Following its merger with the St George wealth management business in 2008, BT Financial Group became one of the largest wealth management operations in Australia, managing over $144 billion in funds.

Product Range

BT Protection Plans is a comprehensive, flexible suite of products which include the full range of life, trauma, TPD and income protection insurances, as well as business overheads insurance.

BT also offers some extra insurance for specific circumstances:

  • 'Needlestick Benefit' for medical professionals, which provides cover of up to $1,000,000 in case you become infected with HIV or hepatitis in the course of your work.
  • Children's Benefit, which pays a lump sum up to $200,000 if your child suffers from one of a defined list of conditions or injuries.
  • Professionals Package which allows professionals with fast growing incomes to insure higher amounts under your life insurance policies, in anticipation of future increases in salary.
  • BT Reserve, a specialist package for people with high earnings and extensive debt, allowing you to cover higher amounts on some life insurance policies.
Video: "BT - 5 Things to Know About Life Insurance" 2 min 10 sec (YouTube)

Case Studies (Life Insurance in Action)

Living Benefit

Nadia, a self-employed married mother of two, decided to protect her family's financial position by taking out a Living Benefit policy.

A couple of years later, Nadia was diagnosed with a rare form of cancer. The medical reports confirmed Nadia's medical condition and, as she satisfied all of the Living Benefit Policy terms and conditions, she was paid in excess of $300,000.

Nadia's decision to cover herself gave her crucial financial flexibility at a time of great stress. She used the proceeds of her claim to meet the high costs of the latest cancer treatments. Her insurance payment gave her the option to sell her business and spend more time with her family. She is now working part time and is in a good position to make a full recovery.

Income Protection

Joseph, 29, was a self-employed carpenter and his fiancée, Marcia, 28, a manager at a Big Four accounting firm.

They were saving for their wedding and paying off their $350,000 mortgage. Joseph fell over three metres from the roof of a house he was working on. He suffered major trauma to his spine and ankle, had to stop working and eventually closed his business. Joseph applied for benefits under his Income Protection Policy.

Since then he has undergone several operations and doctors have confirmed that he will never return to his usual occupation. Joseph applied for alternative positions without success. However, BT Insurance's rehabilitation provider was able to help with Joseph's CV and to improve his job seeking skills and interview techniques.

Joseph's Income Protection Insurance not only provided financial support whilst he went through the operations and physiotherapy, it also helped him return to work.

Business Overheads

David, 42, runs his own architecture business and handles a wide range of the key activities - drawings and documents for construction plans, physical site inspections and sourcing and servicing clients.

While playing squash, David broke his right collarbone and arm, rendering him unable to work.

This dramatically cut into his business income and his company started running at a loss. To ensure his business was able to survive, David submitted a claim on his Business Overheads policy. His claim was accepted, allowing him to pay for a locum architect to keep things running while he recovered.

Thanks to his Business Overheads policy, David could take the time he needed to recover and his business survived, without having to obtain additional finance.