Trauma Cover

Would you have enough savings to cover your expenses if you were diagnosed with a serious illness, and you weren't able to work for a period of time?

1 in 3 Australians will be diagnosed with cancer in their lifetimes.

Cancer survival rates are improving every year, with 88% of women surviving breast cancer, and 88% of men surviving prostate cancer 1.

However, despite this positive shift, medical bills can be shockingly high, with the average total direct financial cost of cancer to a family coming to $115,000. This is a lot more than most people could readily afford, with the added burden of time off work and still maintaining your ongoing bills.

What is trauma cover?

Trauma cover is designed to provide you a lump sum in the case of a sudden trauma event. Common types of trauma events are illnesses such as:

Trauma Events include:
Stroke
Heart attack
Cancer
Organ Transplant
Severe Arthritis


Trauma cover pays out when an illness is medically diagnosed, giving you access to a lump sum amount to cover unexpected medical bills/costs/surgeon fees.

A lump sum to cover unexpected medical costs

There is no disability test that needs to be met, rather the life insured needs to meet the listed medical definition of the trauma event.

Help at a stressful time

With one in three Australians being diagnosed with cancer in their lifetime, trauma cover could save you and your family from unnecessary financial stress in a time of uncertainty and worry.

Speaking with a financial adviser can ensure you get the right amount of trauma cover, based on your current and future needs. As life changes, you can review your cover to ensure that you still have adequate financial security for you and your family.

This gives you the freedom to focus on getting the right treatment and spending time with the people that matter most at this difficult time.

Speak to us on 1300 060 668 or book a consult to learn how you can be prepared.

1. Australian Institute of Health and Welfare

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