BT enhances wrap
Chris Freeman
BT Financial Group has moved to introduce an integrated life insurance/wealth accumulation strategy for its wrap customers.
Announcing the strategy today, BT head of wealth and wrap solutions Chris Freeman said that wrap customers would have access to a broad range of life insurance products, with improved terms and conditions at competitive rates.
He said the so-called “Life on Wrap” strategy would provide investors with an extensive, competitive and integrated insurance offering with all the benefits of a standalone risk product at competitive rates.
“Industry research suggests only 4 per cent of Australian working parents have suitable cover and nearly 70 per cent of small business people do not have income protection cover at all,” Freeman said.
He said BT’s improved insurance offering meant customers could access term life, TPD, income protection and living insurance through BT Investment Wrap, with SuperWrap clients able to access income protection in addition to death and TPD through their superannuation accounts.
“Given the Simpler Super legislation changes and the removal of Reasonable Benefits Limits, there is now even more incentive for customers to integrate their wealth creation and protection strategies and address any insurance gaps through their superannuation accounts,” Freeman said.
AUTHOR
Mike Taylor
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