Before cancelling your policy speak to your financial adviser or call our life insurance specialists on 1300 553 764. Contact us 1300 553 764.
If you still want to cancel your policy we can assist you with the process.
Cancel bt life insurance. BT offers consolidation of non-BT super and non-super insurance covers into the member fund. It requires all superannuation providers to cancel insurance policies within super for accounts that have been inactive for 16 or more consecutive months. Change or cancel cover.
There are a few ways to cancel a term life insurance policy. BT Protection Plans offer you a comprehensive and flexible range of personal and business life insurance solutions designed to help protect you and your loved ones should the unexpected happen. You can also cancel your term life insurance policy by notifying the insurance company by phone email or online which we covered earlier.
When you cancel include your full name contact details policy number and the date youd like to cancel your coverage. There may be ways we can help you stay protected. Use one of the forms below to arrange consolidation of your life insurance with your BT Superannuation fund.
Form G is not required if your client is replacing a policy which as already been cancelled. Cancel any automatic payments you may. Insurer they also need to complete Form G to request cancellation of the existing cover.
This means you will not be covered and you cannot make a claim. BT Life Insurance and Coronavirus FAQs. For instance you may be getting married or divorced or theres been a change in your circumstances that require you to care for more dependents.
800am – 630pm Mon – Fri. There are several reasons why you might wish to cancel your life insurance. The client must complete Form H Personal Statement unless its a replacement of.
How to cancel your term life insurance policy. Make a missed payment. Get information on premium increases.
Changes to your personal circumstances including business failure or divorce can affect your need for coverage. If you cancel before the end of the period that you have pre-paid for you may get a pro-rated refund. Update my payment details.
Having the right amounts and types of life insurance in place can provide valuable financial support in your time of need. Contact your life insurance company and ask for details on the cancellation process. To cancel your coverage you can call your insurer write a letter or fill out a cancellation form.
An existing BT Protection Plans Policy where the Benefit is less. We will provide a warning notice prior to cancelling the policy due to non-payment. Life Insurance through BT Super FAQs PDF 95 KB If you would like any help completing these forms call us on 1300 653 553 between 8am and 630pm.
Contact a BT Wealth Consultant to discuss Term Life insurance Call 1300 553 764 The Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728 WLIS except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 BTFM as trustee of the Retirement Wrap. You might cancel your life insurance for other reasons. You can use our customer support page to request assistance and make changes to your cover.
Three steps to cancelling your life insurance Decide if you want to switch to a new policy or cancel outright Inform your life insurer in writing and get confirmation. Sydney Melbourne time The Issuer is Westpac Life Insurance Services Limited ABN 31 003 149 157 AFSL 233728 WLIS except for Term Life as Superannuation and Income Protection as Superannuation which are issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 BTFM as trustee. If you miss a premium payment and dont pay it within the grace period the 30-31 days after your due date during which you still have coverageyour insurance is canceled.
We can cancel your policy if a premium remains unpaid for 30 days after it was due. How to Cancel Your Whole Life Policy Canceling a whole life policy is a bit more complicated than just stopping premium payments as. For instance if you are at the start of the 6th month of the policy year and you paid for the whole year your life insurance company may be willing to refund you 50 of your annual premium.
Alternatively you may be immigrating or retiring and you arent able to maintain your policy. You will need to contact BT Life Insurance directly about this matter.