Trauma Insurance, also known as Critical Illness Insurance, provides a lump sum payment on the diagnosis of serious medical conditions. Benefits vary widely according to the need, with fewer benefits available at lower, stepped or level premiums. Trauma Insurance can apply to individuals between the ages of 17 and 59, with full cover extending up to 70 years of age.

Trauma Insurance

Trauma insurance, also known as major illness insurance or recovery insurance, can help provide financial peace of mind in the event of sickness or injury. Traumatic events negatively impact the policy holder’s primary income source when they cannot work.

As part of a suite of financial products, securing your future with trauma and income protection level premiums is necessary to fill potential future gaps in your income. You can get the income protection you need through trauma cover or protection insurance income, so if you’re unable to work due to sickness or injury, you will have protection. You can also discuss income protection tax-deductible benefits with an expert.

When you ask for a trauma insurance quote from an insurance company, don’t forget to discuss the other insurance products for which you may be eligible. These products can include income protection insurance, life insurance, and an accident benefit option.

The more life insurance products and similar policies you have to protect yourself later in life, the better off your future financial situation will be. So, for example, if you’re unable to work for any reason due to accidental injury or disease, at least you will have less financial stress knowing you have income protection.

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The number and types of benefits available vary widely by policy and provider, with cheaper policies generally providing fewer benefits.

You should remember that life TPD and trauma insurance is just the over-reaching category and that insurers have their criteria. What is acceptable for one insurer may just be insufficient for the other. So before signing on the dotted line, talk to insurance experts here at Wealth Smart.

The most common claims for these policies include heart attack, coronary bypass, stroke, and cancer. Other conditions covered by Trauma Insurance include paraplegia, major head trauma, blindness, severe/major burns, and many more.

How Do New Trauma Insurance Policies Differ?

Insurers offer Trauma Cover alone or with Life Insurance.

While most new Trauma Insurance policies will cover you for a wide range of illnesses, note that policies from different providers may differ in how they define each sickness. Therefore, we recommend you read the insurer’s product disclosure document (PDS) in full to check which conditions are excluded and the degree to which each is covered.

What Is A Lump Sum Payment?

A lump-sum payment is the amount of money paid out by an insurance provider after a claim has been accepted. The lump sum occurs in one full payment and not in instalments.

What Is A Replacement Policy?

A replacement policy is a policy that is offered or issued by an insurer on its policy forms. A replacement policy takes effect upon the expiration or cancellation of a Removed Policy.

Getting A Trauma Insurance Policy Quote

Trauma Insurance can be the best way to ensure you and your family avoid short to medium-term financial hardship in the event of an accident or illness. Wealth Smart makes finding the best Trauma Insurance quote as easy as possible, helping you achieve peace of mind, whatever the future holds. When you compare quotes from life and trauma insurance providers, you can see what each policy means as an investment.

Choosing A Trauma Insurance Cover Policy

Finding a Trauma Insurance policy can be time-consuming given the many flexible cover options available. Wealth Smart makes it easy by helping you find the right Trauma Insurance policy for you and your unique circumstances. Our help saves you time and legwork, giving you the peace of mind that comes with knowing you and your family will continue to be looked after, no matter what happens. So, before you take our life TPD trauma insurance cover, spare a few moments to talk to us, get to know our general nature, and meet our friendly insurance brokers who make the entire process hassle-free. We walk every step with you and help you have the best life and trauma insurance you deserve and need.

Get trauma insurance quotes online, compare trauma insurance quotes, and get the complete insurance process managed by experts at Wealth Smart. Call us at 1800 765 100.