Life, income & debts

Life. You can't predict it, but you can prepare for whatever comes your way.

In this section you can explore cover for your income, loans and life. We have insurance solutions that can give you an income, help cover your debts or provide for your loved ones when you can't. Even better, you can tailor the cover to your needs, then change it whenever your situation changes.

If you die...

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    Term Cover Life Insurance

    Can pay a lump sum to provide for your loved ones. This could pay for your funeral expenses, your kids education or an ongoing income for your family. Find out more.

If you develop a terminal illness*...

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    Term Cover Life Insurance

    Can pay a lump sum if you are terminally* ill. You can use it to pay for your medical expenses or other bills, or to pay off your debts. You choose. Find out more.

    *This is a medical condition that will most likely result in your death within 12 months.

If you develop a critical illness*...

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    Term Cover Life Insurance with Crisis Cover

    Can pay a lump sum if you are diagnosed with a critical illness*. You can spend it as you choose. You can use it for medical care or paying off debts. Find out more.

    *One of 33 specified medical conditions that meet the medical definitions in your policy. These include heart attack and cancer.

If you suffer a disability from an accident or illness...

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    Term Cover Life Insurance with Income Cover

    Can make an agreed monthly payment of up to 40% of your income at the time you apply. Payments can continue for up to 3 years. Find out more.

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    Gold Disability Income Cover

    Can provide a monthly payment of up to 75% of your income at the time you apply for cover. Payments can continue until you are 65 years old. Find out more.

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    Bill Protection Cover

    Can provide a monthly payment (up to $1,000 per month) so you can pay your bills if you are unable to work due to accident or illness, or made involuntarily redundant or bankrupt. Find out more.

If you are made redundant...

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    Term Cover with Income Cover & Redundancy/Bankruptcy

    Can make an agreed monthly payment of up to 40% of your income at the time you apply if you are made involuntarily redundant. Payments can continue for up to six months. Find out more.

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    Bill Protection Cover

    Can provide a monthly payment (up to $1,000 per month) so you can pay your bills if you are unable to work due to accident or illness, or made involuntarily redundant or bankrupt. Find out more.

If you die or develop a terminal illness*...

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    Flexicover Home Loan Insurance

    Can pay a lump sum to pay off your home loan. Find out more.

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    Personal Loan Cover

    Can pay a lump sum to pay off your personal loan. Find out more.

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    Credit Card Repayment Cover

    Can pay a lump sum to pay off your credit card. Find out more.

If you suffer a disability from an accident or illness...

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    Flexicover Home Loan Insurance

    Can pay your home loan repayments for up to 30 months. Find out more.

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    Personal Loan Cover

    Can pay your personal loan repayments up to $1,500 a month. Find out more.

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    Credit Card Repayment Cover

    Can pay 10% of your credit card account balance each month for up to 24 months*. Find out more.

    *After total disability from accident or illness for more than 30 consecutive days.

If you are made redundant…

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    Flexicover Home Loan Insurance

    Can pay your home loan repayments for up to 6 months. Find out more.

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    Personal Loan cover

    Can pay your personal loan repayments up to $1,500 a month for up to four months. Find out more.

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    Credit Card Repayment Cover

    Can pay 10% of your credit card balance each month for up to six months. Find out more.

    *After involuntary redundancy for more than 30 consecutive days.

Westpac Term Cover is underwritten by Westpac Life-NZ-Limited (“Westpac Life”), which is a wholly owned subsidiary of Westpac Financial Services Group-NZ-Limited, which is a wholly owned subsidiary of Westpac Banking Corporation ABN 33 007 457 141, incorporated in Australia. Neither Westpac Banking Corporation nor Westpac New Zealand Limited (“Westpac”) guarantees the obligations of, or any products issued by Westpac Life. Westpac will receive commission payments as a result of the arrangement of Westpac Life Insurance policies. For Westpac Life’s solvency margin please click here. For Westpac Life's financial strength rating please click here.

Terms, conditions, exclusions and limits apply to Westpac Term Cover. A policy document may be downloaded here as a PDF or obtained from any Westpac branch free of charge. The availability of any insurance cover is subject to the acceptance and approval of a completed application.

Any payment is subject to your claim being accepted.