Trauma Cover (Trauma Insurance) is designed to provide a lump sum benefit in the event of the life insured suffering a listed traumatic illness in order to contribute to medical costs and financial flexibility so that you can recover as quickly as possible.
With the right trauma insurance policy in place, you receive a lump sum upon diagnosis of:
What is defined as a traumatic illness differs from policy to policy and it important to understand the events in which you will be covered when looking for the best trauma cover for your situation.
What do you want your Trauma Cover to achieve?
• A trauma contract that will pay an amount upon diagnosis of cancer?
• A trauma contract that will only pay in the event of serious illness?
• The most cover for the lowest premium?
• Good customer service from the insurance company?
• A trauma policy that will provide a balance between cost and quality?
Trauma Cover (sometimes called ‘Recovery Insurance’) policies vary greatly across the market place and therefore it is important when searching for the right trauma cover to ensure that you have someone on your side who understands the market and who can easily explain your options.
All insurance companies have a few different Trauma insurance policies – usually called standard, comprehensive, and an extras package which vary by the number of medical conditions (and extent of the condition) that will enable you to make a claim.
Just like anything in life you get what you pay for - the longer the list of traumatic illnesses covered by your trauma insurance policy, the more likely it is that you will be able to make a successful claim in the event of suffering a traumatic illness and therefore the higher the cost of the policy.
Life Shield will do the searching for you. Complete an enquiry form and we will contact you to discuss your needs. Based upon your situation, Life Shield will research your options and present them in a non-biased, efficient manner so that you can be confident that you have the right Trauma Insurance cover in place that will protect you and your family in the event of serious illness.
Whether you are new to Trauma Insurance or you already have some cover in place, it is important to ensure your policies are of a high quality and cost effective, and you can be assured of this by having your insurances compared to the ever changing Australian marketplace.
We understand Trauma Cover. We deal with all of the major Trauma Insurance companies across Australia and are able to provide you with all the information you require to compare Trauma Insurance.
After having had my income protection, with a company based abroad, for the last 15yrs I recently decided to sort it here in Australia.(Now based here so it makes sense.)
Needless to say the thought of trying to get a similar product for a good price was a concern....
Dr S.T (BDSc)
We work with: