Overall, men have a 40% risk of suffering a traumatic illness between ages of 30-64 and 25% for women by age 75, an estimated one in three men and one in four women will develop cancer.
What is Trauma Insurance Cover?
Trauma cover pays a lump sum in the event of a specified medical condition, whether you are prevented from working or not. Knowing you and your family are protected against the financial consequences of a serious medical condition can provide some much-needed relief during a stressful time.
Additional expenses such as treatment, medication and rehabilitation costs combined with the reduced capacity or inability to earn an income can cause financial stress however this could be eliminated with an appropriate level of Trauma Cover.
Trauma Cover protects your family’s financial security in the event of a specified medical condition.
You should consider Trauma Cover if you:
- have a family or dependants
- have a mortgage or other debt
- would need an ongoing income to live on if you couldn’t work again
- don’t have savings to cover unexpected expenses, for example: medical bills, rehabilitation costs, alterations to your home etc
- have a business or business partners, are self-employed, or are a company director or key employee
What are the benefits of Trauma Cover?
Trauma Cover protects your family’s financial security in the event of a specified medical condition, including but not limited to, cancer, stroke, heart attack and coronary artery bypass grafts.
Trauma Cover Premiums can only be paid outside of superannuation.
Each year, an estimated 60,000 strokes affect Australians – approximately one every 10 minutes.
How does Trauma Cover work?
Knowing how to choose the best insurance cover to protect your family in the event of a specified medical condition 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, answer your questions and based on your needs, they will then present you with the appropriate advice and suitable policy options to you. The cover you choose should be sufficient to protect your family’s financial security.
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.
In the event you suffer a specified medical condition you will receive a lump sum. A Trauma benefit can generally be expected if you suffer from:
Heart Attack, Cardiac Arrest, Coronary Artery Disease, Coronary Artery Angioplasty – Triple Vessel, Repair and Replacement of a Heart Valve, Surgery of the Aorta, Cardiomyopathy, Primary Pulmonary Hypertension, Open Heart Surgery
Nervous System Disorders:
Stroke, Major Head Trauma, Motor Neurone Disease, Multiple Sclerosis, Multiple Sclerosis of limited extent, Muscular Dystrophy, Paraplegia, Quadriplegia, Hemiplegia, Diplopia, Tetraplegia, Dementia and Alzheimer’s Disease, Coma, Encephalitis, Parkinson’s Disease
Body Organ Disorders:
Cancer, Early-Stage Cancer of the Vulva or Perineum, Early-Stage Breast Cancer, Benign Brain Tumor, Blindness, Chronic Kidney Failure, Major Organ or Bone Marrow Transplant, etc
Trauma Cover Premiums can only be paid outside of Superannuation.
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