Trauma Insurance pays you a lump sum if you are diagnosed as suffering from a defined medical condition.
Illnesses covered vary from policy to policy, but most policies cover cancer, stroke, heart attack and coronary disease. Some policies also cover death and/or total permanent disability.
Who needs trauma insurance?
A trauma policy is appropriate for employees and self employed people who would benefit from the immediate financial relief provided by a lump sum if they were diagnosed as suffering from an illness.
How much trauma insurance should you have?
As everyone’s standard of living is different, it’s important to discuss these issues in detail with your Risk Insurance Specialist
Total and Permanent Disability Insurance is a low cost option where Trauma Protection is too expensive or unavailable.
For more information or an appointment, call us on (08) 8132 9288 for S.A, or (02) 6286 0517 for A.C.T or send us an email.
Please note the above overview of a personal insurance policy is intended to form the basis of further discussions with a qualified risk insurance professional, and should be therefore considered to be of a general nature only. The information provided above should not therefore be in any way considered to be advice of a personal nature.
Eastwoods Wealth Management Pty Ltd and its representatives cannot be held liable for any damages or losses that may eventuate as a result of you personally acting on any of the general information presented above.
Prior to proceeding with any form of life and/or disability insurance, we recommend as a matter of best practice, that you first seek professional financial advice in order to determine the appropriateness of this insurance in relation to your personal and financial situation.
Eastwoods Wealth Management Pty Ltd representatives are duly authorised to provide you with personal financial advice in this regard.