[?] Subscribe To
This Site

Trauma

Insuring against a critical illness - TRAUMA INSURANCE

Critical Illness cover, also called Trauma Insurance, is a type of “living insurance” in that it is designed to provide a lump sum benefit in the event of surviving a specified illness. Critical illnesses can affect anyone, at any time. They include conditions such as cancer, heart attack or stroke.

Medical advances continue to occur at a rapid rate such that even if you suffer a critical condition, you have a significant chance of surviving it. This could lead to the need for ongoing care, further preventative treatment and/or life/home adjustments. These requirements can place financial strain on the family unit, particularly if the main breadwinner is unable to temporarily or permanently return to ‘normal’ employment.

The lump sum benefit received in the event of an event can be used to pay off debts (including mortgages), provide for a carer, make adjustments to the house or perhaps to provide for childcare.

When selecting trauma cover, it is important that the policy covers those critical illnesses of most concern to you. It is important to note that a policy will only pay by satisfying the specific policy conditions . This may not be based simply on diagnosis of the illness, it may also depend on the severity of the illness.

“Trauma insurance is a technical area. There are numerous products, policy options and features available, making it hard to know what is the best for you and your family. A full advice process revolves around a detailed, in-depth understanding of your specific situation.

Once our specialist risk advisers have a thorough understanding of your needs, they will research the entire Australian market to find you the most appropriate and cost effective risk solution. Included in this service is an annual review to ensure your solution continues to be competitive in the ever changing insurance environment.”

If you'd like a specialist risk adviser to help you create a SAFETY NET while on your way to financial freedom then, drop us a line -