CHILD TRAUMA INSURANCE
What is Child Trauma Insurance Cover?
Child Trauma Insurance pays a lump sum payment in the event that any of your children suffer a specific eligible medical condition or pass away. To ensure you and your family are financially protected, Child Trauma Insurance provides funding to cover medical & rehabilitation expenses.
Additional expenses such as treatment, medication and rehabilitation costs combined with the parents reduced capacity or inability to earn an income can cause financial stress, however, this could be eliminated with an appropriate level of Child Trauma Cover.
- Among children aged 0–14, almost 2 in 5 have at least one long term condition that has lasted or is expected to last 6 months or more.
- In 2016, it is estimated that 650 children (ages 0–14) will be diagnosed with cancer.
- The leading cause of death among Australian children (age 1–14) were injuries, perinatal and congenital, and cancer.
What are the benefits of Child Trauma Insurance?
Trauma Cover protects your family’s financial security payment in the event that any of your children suffer a specific eligible medical condition or if they were to pass away. Child Trauma Cover Premiums can only be paid outside of superannuation.
You should consider Child Trauma Cover if you have dependants and:
- Have a mortgage or other debt
- Don’t have savings to cover unexpected expenses, for example: medical bills, rehabilitation costs, alterations to your home, etc
How does Child Trauma Cover work?
Knowing how to choose the best insurance cover to protect your family financially in the event that any of your children suffer a specific eligible medical condition or pass away is very important. Seeking assistance to ensure you have a suitable level of cover to financially protect your family can provide peace of mind.
An FAA Specialist will meet with you to evaluate your situation and answer your questions. Based on your needs they will then present you with the appropriate advice and the most suitable policy options for you. The cover you choose should be sufficient to protect your family’s financial security should an eligible Child Trauma event occur.
Once you have selected your preferred Policy, our specialist team will arrange and implement the agreed level of cover and provide assistance with documentation and support throughout the entire process.
How can we help you?
Contact us today to organise an initial appointment with an Insurance Specialist.
Your Insurance Specialist can show you whether this insurance is right for you and how much cover you need.
We provide a holistic service and can assist you in all areas of your financial life.
Australian Financial Services Licensee No. 229892