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Insurance Advisory Service
  • Home
  • Our services
    • Personal Insurance
      • Income Protection Insurance
      • Life Insurance
      • Total and Permanent Disability insurance
      • Trauma Insurance
      • Health insurance
      • Home Contents Insurance
      • Motor Insurance
      • Landlord Insurance
    • Business Insurance
      • Business Expenses
      • Business Interruption
      • Business Property
      • Buy Sell Agreements
      • Commercial Vehicle
      • Cyber Protection
      • Group Income Protection
      • Key Person
      • Management Liability
      • Marine Transit
      • Professional Indemnity
      • Public Liability
    • Financial Advice
      • Our Client Journey
      • Estate Planning
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      • Money Coaching
    • Superannuation
      • Retirement Planning
      • Self Managed Super Funds (SMSF)
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  • Resources
    • Videos
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    • E-Books
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    • The IAS approach
    • The IAS Investment Philosophy
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      • Trauma Insurance Case Study
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(02) 8268 2900

Trauma insurance

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While none of us like to contemplate it while we’re well and healthy, the unfortunate fact of life is that serious illnesses or accidents strike virtually all families at some stage or another.

If you suffer a serious medical condition such as stroke, cancer, heart attack or are in an accident, how will you support yourself and your family?

Trauma Insurance is designed to protect you and your family from the financial impact of serious illness or trauma by paying out a lump sum amount that can be used to ease the financial burden during this stressful time.

It’s important to note that Trauma Insurance is not the same thing as Total and Permanent Disability (TPD) Insurance. Trauma Insurance pays you if you suffer a critical illness or traumatic event, while TPD Insurance pays you if you become totally and permanently disabled.

Do I need Trauma Insurance?

Suffering a critical illness is bad enough on its own, however, the financial consequences can often be just as devastating, and can remain a burden long after you’ve recovered physically. Trauma Insurance can help you focus on recovering, not the financial costs.

What can Trauma Insurance cover?

Trauma Insurance can pay out a one-off lump sum if you suffer a serious medical condition or trauma. This can help cover costs while you are unable to work as well as expenses that may be associated with your medical treatment, recovery and rehabilitation.

In most cases, “accidental” types of traumas are covered immediately, although many insurers impose a waiting period (commonly 90 days after the policy is accepted) for certain illnesses.

Other things to consider

There are many Trauma Insurance products on the market and the number of conditions covered can vary widely. Cheaper policies tend to cover fewer conditions, and definitions are often narrower in application. It’s essential to get professional advice so that you obtain a policy that will actually cover you when you need it the most.

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Incorporated for over 40 years ensures experience, knowledgeability and skill at identifying unforeseen risks and producing effective strategies. Unlike most brokers, we do not rely upon mathematical formulas or statistical models generated by computers to produce solutions– we believe every client is unique and our approach is tailored accordingly.

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North Sydney, NSW 2060
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North Sydney, NSW 2059
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