No one wants to think about illness or injury.
But many need to consider the financial implications should something happen.
Whether it’s to protect yourself or loved ones, Critical Illness Insurance is one of many products to consider. It is offered by most life insurers, who have different prices and features.
It is otherwise known as “Trauma Insurance”. And it pays a capital lump sum in the event of a claim.
Trauma Cover provides you with financial assistance if the Life Insured is Diagnosed with a medical condition that meets the criteria of the insurer’s Trauma Conditions as listed and detailed in their Product Disclosure Statement.
It can help with expenses that arise from seeking out the most relevant medical treatment possible, paying off debts or offsetting lost earnings potential while the Life Insured is on the road to recovery.
It’s usually open for applicants up to about the age of 59, and cover usually can run through to ages of between 65 and 75, but these differ from insurer to insurer.
If you would like to find out more about Critical Illness Insurance, then contact us to find out more and to get personal advice based on your own circumstances, needs and objectives. This is general information only.
Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) of Affinia Financial Advisers Limited ABN 13 085 335 397 AFSL No. 237857. See our website for our Financial Services Guide. Always read the Product Disclosure Statement issued by an Insurer before considering insurance.
