Trauma and Critical Illness Insurance

Critical Illness Cover provides a tax free lump sum payment on diagnosis of a major illness.

Major illness covered by our recommended insurance providers

  • Heart Attack
  • Malignant Cancer
  • Stroke
  • Major blood disorders
  • Coma
  • Major Head Trauma
  • Multiple Sclerosis
  • Paralysis (paraplegia & quadriplegia)
  • Motor Neurones Disease
  • Blindness
  • Loss of Hearing
  • Loss of Limbs
  • Loss of Speech
  • Organ Transplant
  • Severe Burns
  • And many more…

The above illnesses are subject to claims assessment and may not be paid out in all circumstances.

Statistically a large portion of the population will suffer a Critical Illness during their work life and a TAX FREE LUMP SUM payment on diagnosis can be critical to fund:

  • Medical expenses
  • Remove debt and other fixed commitments
  • Allow for the healthy spouse to take time off work to care for the ill partner and family

Based on these statistics and our experience in the industry, we believe Critical Illness Cover is a must in every Insurance Portfolio.

Real Life Example 1

Over 10 years ago Stephen arranged trauma insurance for a female client Kate when she was in her 30’s with a growing family. Unfortunately the marriage broke down and Kate moved interstate. She eventually remarried.

Kate was then in hospital and whilst there suffered a cerebral aneurysm. The first piece of luck for her was she was in hospital at the time because she would otherwise have died.

The second piece of luck was she did not let her trauma cover lapse and the medical event was covered by the policy and Kate received a payout in excess of $320,000.

Because of her medical condition Kate was advised never to work again. The insurance funds allowed her to payout her debt and provide a much needed financial buffer for her and her husband.

The phone call to Kate when Stephen informed her she qualified for the claim was one of his better professional experiences. The tears of relief shed by Kate in that phone call hit home what that type of benefit can mean to a client at their greatest time of need.

The financial relief provided allowed Kate to recuperate without any financial pressures.

Real Life Example 2

Slightly less emotional than Kate’s situation, Stephen had arranged trauma cover for Julie whilst she was in her 40’s. Julie was newly divorced with her own mortgage and trauma insurance was taken up by Julie as part of an insurance portfolio that also had life and TPD as well as income protection.

In her early 50’s Julie was diagnosed with a rare form of cancer that was not immediately life threatening. Julie still qualified for a trauma payment and received a cheque for approximately $125,000.

Julie is now able to use this money as she see fits to either reduce debt or put aside for future medical expenses.

This information is of general nature only and is not intended as a personal advice. It does not take into account your particular investment objectives, financial situation and needs. Before making a financial decision you should assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. We recommend you consult a professional financial adviser who will assist you.