Trauma Insurance

from ATB Wealth Strategies, Sydney

Trauma Insurance

What is Trauma Insurance

Serious illness or injury is something that we hope won’t happen to us, but by having trauma insurance — you can plan for when the unthinkable takes place. It will help cover finances so you can concentrate on treatment and recovering from your condition.

Life and trauma insurance can be built into your wealth creation and financial plan for the future — and our financial advisors will help you every step of the way. We will discuss the options available and assist in choosing the best coverage for you. We aren’t tied to any one product and have your best interests at heart.

Get your trauma insurance quote and prepare for the future by contacting us today.

What is Trauma Insurance?

Trauma insurance, also known as recovery insurance or critical illness cover, may provide a lump sum of money if you are diagnosed with a critical injury or illness.

It would help you pay for costs including: 

  • Expenses associated with rehabilitation.
  • Changes in lifestyle, like modifications to your home to make you more comfortable. 
  • Everyday living costs if you can’t work.
  • Mortgage payments, credit cards and debts. 
  • Medical expenses, including those your private health insurance doesn’t cover.

Conditions That Fall Under Trauma Cover Insurance

Different policies and insurers will cover a wide range of critical illnesses and injuries, but in general, these comprise:

  • Cancer.
  • Heart attack and coronary bypass surgery, and other heart conditions. 
  • Chronic kidney failure, major organ transplants and other organ disorders.
  • Neurological conditions, including — Alzheimer’s disease, stroke, and multiple sclerosis.
  • Blood disorders.
  • Permanent disabilities, such as loss of hearing, sight, speech or limbs.
  • Treatment in an intensive care unit.

Trawling through the different definitions each insurer places on the requirements for a claim can be time-consuming and confusing. ATB Wealth’s financial experts will take the hard work out of this process and explain to you what’s included in plain English.

Talk to our expert team today to find out how to incorporate cancer insurance and life and trauma insurance into your financial plan.

Do You Need Trauma Cover Insurance?

Everyone’s personal circumstances are different, and at ATB Wealth, we understand that. Some of the factors we will help you identify and take into account include:

  • The total amount of expenses you would want your trauma cover to include, such as paying off any debt, living expenses, plus medical and rehabilitation costs.
  • Are there any existing insurances that already cover you for serious illness or accidents, for example, private health insurance, income protection insurance and TPD (total permanent disability) insurance? — and is the cover from these sufficient to support you and your family financially if the unthinkable were to happen? 
  • Do you have any other means such as savings, family support or a partner’s income that could be relied on in the event of your incapacitation?

Our friendly, professional advice will steer you in the right direction, giving you all the details you need to make an informed decision.

Don’t leave it until it’s too late. Speak to ATB Wealth Strategies about trauma cover today.

The Best Trauma Insurance for Your Needs from ATB Wealth

ATB Wealth Strategies financial advisors are committed to providing you with the best possible trauma cover for your individual requirements. We will do all the research and investigate the myriad of policies that are on offer.

We will take into account the various definitions of the illnesses and injuries the policy covers, and what might be excluded. The cost of the premiums and how this can increase over time will also be highlighted. Then there are the finer details, like the actual amount of benefit you would get paid and how long you would have to wait before you could claim.

There are also health and lifestyle factors — your gender, age, occupation and whether you smoke or not can affect what trauma policies you might qualify for.

We also often get asked the question of whether there is a difference between trauma cover and TBD. In simple terms, TBD will pay a lump sum if you are unable to work due to permanent and total disability as the result of an injury or illness. Trauma insurance pays out when you are diagnosed with a serious injury or critical illness, whether you can still work or not.

Only once we have a complete picture will we recommend a product to you — and we aren’t tied to any one company, so our advice is totally independent. It could be you already have, or a better option might be, to incorporate trauma insurance into your life cover rather than as a stand-alone policy. You can rest assured that we will suggest a policy that fits your unique circumstances and financial plan.

Speak to our insurance experts today and get yourself covered now.