In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Your reviews
  • Ask a question
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BT Life Insurance review

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BT Life Insurance

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Maximum Cover
No limit
Maximum Entry Age
69
Terminal Illness Benefit

Our verdict

The BT life insurance business and loyalty benefit are some of the unique perks of this provider.

  • It comes with a business benefit that lets you increase your cover without medical underwriting.
  • It's policies are issued through an adviser so are tailored to you.
  • It comes with a loyalty benefit after you've held a policy for 3 years.
  • You may encounter a policy fee on top of the premium.
  • It comes with a future insurability benefit which allows you to increase your cover without being medically underwritten – but some other insurers offer this benefit.

In this guide

  • Our verdict
  • Details
    • Key Details
    • Eligibility
    • Add-ons
  • Your reviews
  • Ask a question

Details

Key Details

Product Name BT Life Insurance
Maximum Cover No limit
Terminal Illness Benefit
Funeral Benefit $25,000
Guaranteed Renewability
Cooling-off (days) 30
Online Quote

Eligibility

Minimum Entry Age 15
Maximum Entry Age 69
Expiry Age 99
Medical Exam

Add-ons

TPD Option
Child Benefit Option
Trauma Option

Read a more detailed review on:

life insurance shield

Life Insurance

Key points of BT Life Insurance

  • The lump sum is payable in the event of death or diagnosis of a terminal illness which is likely to result in death within the next 24 months.
  • It comes with a loyalty benefit that provides an additional 5% at claim time once you've held the policy for more than three years.
  • It comes with a future insurability benefit which allows you to increase the cover in the future without being medically underwritten.

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

life insurance icon

Optional cover

Key points of BT optional cover

When you take out a Life insurance policy, you also have the option to add on the following:

  • TPD Benefit: Pays out if you become totally and permanently disabled.
  • Living Benefit: Pays out if you suffer a specified medical event such as cancer, stroke or heart attack.
  • Business Cover Benefit: This allows you to increase your cover if a specified event occurs to help match the growth of your business without additional medical evidence.
  • Needlestick Benefit: This is only available to certain medical professionals and can pay a lump sum if you are diagnosed with occupationally acquired HIV, hepatitis B or hepatitis C.
  • Children's Benefit: This pays a lump sum if the insured child passes away or suffers from a medical event covered by BT Protection.

Note: Be sure to check the Product Disclosure Statement (PDS) for terms and conditions.

coverage icon

Applying for cover

Applying for BT cover

You must:

  • Be an Australian citizen, permanent Australian resident, or the hold an eligible spouse/partner or work visa.
  • Be between 15 and 69 years old to apply.
  • Apply with an adviser over the phone.

BT life insurance pros and cons

Still wondering if BT is right for you? Here are the main pros and cons summarised:

Pros

  • Option to get cover through super.
  • Wide range of cover choices to suit your personal needs.
  • Award winning cover (Life Insurance Company of the Year, 2016).

Cons

  • Standard premium rates (for all policies) can be changed at anytime.
  • Policy fee on top of the premium.

Does this insurer have any rewards programs included with its cover?

To reward you for your loyalty, after you have held your BT life insurance cover for three years from the commencement date of your policy, an extra 5% of your sum insured will be added to any Death Benefit, TPD Benefit, Living Benefit or Children's Benefit payable when you make a claim. This increase is provided at no extra charge.

Compare other direct life insurance policies below

Name Product Maximum Cover Maximum Entry Age Terminal Illness Benefit Claims Acceptance Rate Average Claim Time Sum Insured
NobleOak Life Insurance
Finder AwardBonus
NobleOak Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: Finder Life Insurance Award winner for the last 5 years in a row. Good value for money, simple application process and a high claims acceptance rate.

⭐ Current offer: Get two months free on all cover types apply by 14 June 2024. T&Cs apply.
Medibank Life Insurance
$2,500,000
70
$2,500,000
Data not available
Data not available
Data not available
Our verdict: Medibank offers a higher payout limit ($2.5 million) than 15 other providers. Get a 10% discount if you're already a Medibank Health Insurance member.

⭐ Current offer: Save 10% on your first year of Medibank Life Insurance when you apply by 1 July 2024. T&Cs apply.
TAL Accelerated Protection Life Insurance
No set limit
73
Not stated
Data not available
1 months
$249,285 million
Our verdict: One of Australia's leading life insurers. Automatically includes child critical illness cover. Plus, it comes with a level premium option (e.g. costs remain similar as you get older).

⭐ Current offer: Get up to 15% off your TAL Life, Trauma or TPD insurance policy for life - if you have a Body Mass Index (BMI) between 19 and 28 at the time of your application. Offer T&Cs on insurer website apply.
RACWA Life Insurance
$25,000,000
74
$25,000,000
96.90%
1.1 months
$24,483 million
Our verdict: RAC’s maximum death cover limit of $25 million is one of the highest limits you’ll find, including $5 million in TPD insurance. You can get an online quote, but you’ll need to call RAC to get trauma cover. Benefit from added peace of mind with fully underwritten insurance. RAC is also WA-based but services all of Australia.
ahm Life Insurance
$1,500,000
55
$1,500,000
Data not available
Data not available
Data not available
Our verdict: ahm offers a simple application process. You can be approved online or over the phone. There are no medical or blood tests needed.

⭐ Current offer: Get 10% off your first year of ahm Life Insurance when you apply by 1 July 2024. T&Cs apply.
AAMI Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: There’s flexibility with AAMI as you can add another adult to your cover, with a competitive limit of $1.5 million. Easy application process with no medical exams.

⭐ Current offer: Take out a new AAMI Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Suncorp Life Insurance
$1,500,000
65
$1,500,000
Data not available
3.1 months
$37,768 million
Our verdict: Competitive maximum cover limit of $1.5 million. Suncorp lets you change your cover amount by up to $100,000 after a big life event, such as having a baby.

⭐ Current offer: Take out a new Suncorp Life Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Real Family Life Cover
$1,000,000
64
$1,000,000
88.90%
2.4 months
$53,238 million
Our verdict: The application is simple; it can be done with 1 phone call and there are no medical exams. But households with larger debts may need more than a $1 million payout.

⭐ Current offer: Get back 10% of the premiums you’ve paid after 1 year.
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  • You pay the same price as buying directly from the life insurer.

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  • We've done 100+ hours of policy research to help you understand what you're comparing.

Why you can trust Finder's life insurance experts

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We're independent

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We're here to help

Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

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Gary Ross Finder

Editor, Insurance & Innovations

Hi there, looking for more information? Ask us a question.

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Gms

March 19, 2017

What is the date for determining TPD for a mental illness claim? Is it the date the person left work, or the date after 12 months of medication and rehabilitation that it was proved by two doctors that the person now does qualify for TPD.


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Zubair Hassan Finder

March 27, 2017

Hi Gms,


Thank you for your question.


You have contacted finder.com.au, a comparison and information service and not actually BT Life Insurance.


You will need to contact BT Life Insurance directly about this matter.


Cheers,

Zubair


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