BT has extended its life expectancy time provision for terminal illness conditions from 12 months to 24 following legislative changes.

The advanced terminal illness payment will apply to customers who hold BT Protection Plans term life insurance.

It will be available at no additional cost on cover held in standalone policies, on platforms or inside super.

BT National Manager Life Insurance Products Scott Moffitt says the insurer acted quickly to bring products into line with the law.

“The enhancement we’ve made to our products enables those members with BT life insurance to access their money earlier, providing a simpler insurance solution for both customers and advisers,” he said. “Australians look to their insurers to provide them peace of mind.”

BT will issue a new Protection Plans supplementary product disclosure statement this month. It will also include updates for medical professionals, plus some medical definitions and policy information.