TRAUMA INSURANCE

Some sad facts, but in Australia over the next year:

— 30,000 people will suffer a heart attack

— 55,500 people will develop malignant cancer

— 25,000 people will suffer a stroke, and

— 11,000 people will undergo a by-pass operation

Not having cover when these unforseen events occur only adds to the stress people encounter. Having a trauma policy enables people to plan for expenses and focus on recovering, both physically and financially.

It can be used for a family or business purpose.



What is Trauma Insurance?

A lump sum payment for those who suffer a major health trauma.

Also known as Critical Illness or Recovery Insurance, trauma insurance provides a cash lump sum upon confirmed diagnosis of a specific disease or trauma.

The benefit of a trauma insurance policy is that it is paid when a diagnosis is confirmed – not when the person dies of the condition. This enables families with a lump sum to be used where and when it is needed, providing much needed support. It can be particularly helpful with bills for medical care, mortgage repayments and to generally relieve financial stress during recuperation.

In most cases ‘accidental’ types of traumas are covered expeditiously, although many insurers impose a waiting period (commonly 90 days after the policy is accepted) for certain illnesses. The number of conditions covered (benefits) varies widely, with cheaper policies often offering less benefits.

With statistics showing approximately one in 3 men, and one in 4 women will develop cancer before the age of 75; let Insurance Oz explain the finer points of Trauma Insurance and guide you towards the most appropriate trauma insurance offering.

(Source: NSW Cancer Council - Oct 01)

Please submit the Insurance Feedback Form to get started or simply email info@insuranceoz.com.au outlining the assistance you require.