Trauma cover is also referred to as 'critical illness' cover or 'recovery' insurance.
A serious illness can make it difficult or impossible for you to continue to work. If this happens, you will need to find a way to support yourself and your family. Trauma cover can provide a financial safety net for such events.
Trauma insurance provides cover if you are diagnosed with a specified illness or injury. These policies include the major illnesses or injuries that will make a significant impact on a person's life, such as cancer or a stroke.
Trauma insurance pays a set amount. This can be used for things like:
- Any private medical costs above your health insurance
- The ongoing cost of any therapy and special transport costs
- Adjustments to housing and lifestyle changes
- Debt repayments
Did you know...
Cancer is a leading cause of death in Australia. An estimated 115,000 new cases of cancer were diagnosed in Australia during 2013, that’s about 325 every day.
In 2013 an estimated 124,910 Australians are expected to be diagnosed with cancer and an estimated 149,990 are expected to be diagnosed in 2020. Source: Cancer Australia
The most common cancers in Australia are cancer of the digestive organs, breast cancer, skin cancer, lung cancer and prostate cancer.
Support a good cause...
Each year in Australia Ovarian Cancer Awareness Month is held in February to raise awareness of the illness and to recognise women, their families and friends affected. Click Here to find out how you can support a good cause.
Should I consider Trauma Insurance?
While a Trauma policy will not provide a cure for an illness or injury, in the case of a diagnosis, it certainly can provide security and peace of mind that you will not place your family under financial stress on top of the emotional stress that comes with such circumstances. If you would like to discuss your situation with one of our Planners, please give us a call on 02 9524 6711.