Among many other features of Term Cover Life Insurance, the below benefits are included extras with your policy.
Special Events Increase Benefit:
If you experience one of our eight defined special events below, you could increase your Life Cover and/or Crisis Cover without needing to provide any further medical information provided. You need to satisfy a few conditions and apply within three months of the special event.
Special Events include:
Taking out or increasing a mortgage to purchase a property
Marriage or Civil Union
Divorce of Legal Separation
Death of a spouse or partner
Birth of a child
Taking full time care of a Dependant
Guaranteed Enhancement Benefit:
If at any time in the future we make enhancements to this product which are favourable to you, we will automatically apply these to your policy from the effective date of the enhancement.
Read your policy
You’ll find more details about your cover in your policy document including full details on exclusions including suicide and self inflicted injury or illness and limits on cover. Do read it carefully, so you fully understand your cover.
With our 30-Day Free look if you decide the cover is not for you during the free look period, just notify us and we’ll refund any premiums you’ve paid.
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.
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.