Term Cover starts with Life Cover
Life Cover could pay a lump sum if you die or are diagnosed with a terminal illness with less than 12 months to live.
Life Cover is a simple way to look after those you care about if you’re no longer able to.
You and your loved ones can decide how you use this money. It might pay off the mortgage, look after the bills or help with the kid’s education.
Add to your cover with these optional benefits
Term Cover with Westpac is flexible, so in addition to Life Cover, you can apply to add these extra benefits to your policy:
Can pay a lump sum if you’re diagnosed with one of 33 conditions.
Can pay a regular income for up to 36 months if you can’t work because of serious illness or injury.
Can pay a monthly benefit for up to six months if you’re made involuntarily redundant or bankrupt.
To understand how optional benefits can work with Life cover to provide you with great protection, you can compare your Term Cover options now.
More reasons to choose Term Cover
Find out how little life cover could cost you with a life insurance calculator.
We pay claims fast
Once we’ve everything we need, most claims are paid out in 7 days, and in the event of death, up to $15,000 can be paid out in advance too, to help with immediate costs.
Enjoy any policy improvements automatically
If we improve our Term Cover in a way that does not increase our standard premium rates, we’ll automatically update your policy so you can enjoy the benefits too.
You can increase your cover after a special event
No medical information is needed if you want to increase your Life cover within three months of getting married, receiving a pay rise or other defined special events, if you satisfy a few conditions.
Get your life insurance sorted today
Get an estimate
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.
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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.