Trauma insurance (also known as Critical Illness insurance) provides a lump sum upon the diagnosis of a serious medical condition. Whilst many of us may have private health insurance, the full cost of seeking specialist treatment for a serious illness is usually not covered by most health funds, with various treatments and rehabilitation programs often not covered at all. Even if you have no private health insurance and are just relying on Medicare, having trauma insurance in place can give you choices of doctor and treatment you otherwise may not have.
The number of conditions covered varies widely from policy to policy, with cheaper policies often offering far fewer benefits. The most common claims under these policies are for cancer, heart attack, coronary bypass and stroke, although other conditions can also be covered.
|List of common Trauma conditions that can be covered|
|Alzheimer’s Disease||Aplastic Anaemia||Blindness|
|Burns – Server/Major||Cancer||Cardiomyopathy|
|Coma||Coronary Artery Angio||Coronary Bypass Surgery|
|Encephalitis||Heart Attack||Heart Valve Surgery|
|Hemiplegia||HIV – Occupational Acquired||Kidney Failure – Chronic|
|Liver Disease – Chronic||Loss of Independence Existence||Loss of Limbs or Eye|
|Loss of Speech||Lung Disease – Chronic||Major Head Trauma|
|Major Organ Transplant||Motor Neurone Disease||Multiple Sclerosis|
|Paraplegia||Parkinsons’s Disease||Pulmonary Hypertension|
|Life Cover – Death Benefit||Total & Permanent Disability||Aortic Surgery|
|Out of Hospital Cardiac Arrest||Benign Brain Tumor||HIV – Accidental Infection|
The benefit is paid when diagnosis is confirmed – not when you die of the condition. It provides you and your family with a lump sum to use when needed the most for medical care, or to pay the mortgage and other debts to relieve financial pressure.
If you have a family, debts and are at pre-retirement age, this cover may be the most important policy you have in place. A critical illness can be just as damaging to a family’s finances as a death, and more so if medical bills start to mount up as a result of a long lasting illness.
My wife and I utilised Max’s services to review our life insurance policies, with particular respect to addressing an exclusion clause. Max spent significant time searching for the best possible solution and came up with a proposition that affordably met our requirements. I would not have been able to achieve this using one of those on-line insurance quote generators. Max did his utmost to get us the best deal and I would recommend him to anyone who is seriously looking to review their life insurance options.
Thanks Max for all your help with my new Life and Income Protection Policy. Not only have I got a better policy but a better premium as well. You answered all my questions and nothing was too much trouble. A pleasure dealing with you.
Insurance and the complexities of organising it has been made easy by Altura. Thanks Max for a painless process to organise what is an important aspect of any working person’s life. I have a great product within the price boundaries I gave and have the confidence that if I ever needed to claim, I have the full support of Altura to manage me through the process.
Max and Altura recently reviewed my superannuation and personal insurance circumstances. Upon reviewing my existing arrangements and analysing my personal needs, Max was able to outline a more cost-effective plan that saved money and was thereby likely to increase my return over time without compromising my personal coer. Max also took the time to make the process painless and simple and accommodate my busy schedule. Max is a true representative of customer service and operates a highly professional operation.
Max really took the time to understand my families needs and found a solution & cover that matched our situation and budget. His expertise, integrity and attention to detail were outstanding. He patiently followed up and answered each and every question with confidence and authenticity. I only wish all professionals conducted business in this manner. I can recommend Max to you enthusiastically and without reservation.
Max Pagnin from Altura Financial Planning provides outstanding knowledge and integrity in the field of personal insurance and income protection. Thanks to Max and Altura, my family was able to save over $5000 per annum on tax minimisation and through his detailed knowledge and support of my family’s needs for protecting our incomes, and the future of our children I can not thank Max enough, and highly recommend him to my entire network of family, friends and associates.
Max made a quite complex and daunting financial situation straightforward simple and not time consuming. Whilst finding me the best products and keeping my costs at a minimum, but with value, he stepped me through multiple options and was personable, friendly and punctual wiht good follow up.