Heard of trauma insurance?

With half of all Australian men and one-third of Australian women expected to be diagnosed with cancer by the age of 851, many families are learning first-hand how an illness can interrupt even the best arranged plans.

When the mortgage and school fees still have to be paid, every family deserves to be able to maintain their lifestyle, while working towards getting better. And that’s how a trauma insurance lump sum can help. There are other types of insurance you and your family can take out, but first you need to understand how much insurance you really need.

How does it work?

In most cases, once your claim has been approved you’ll receive your lump sum without a waiting period. And you don’t have to be employed to receive the lump sum. So whether you’re working or not you’re be able to recover without financial stress.

If you’re a parent, consider insuring your children too. If your child becomes ill, as set out in the policy, a lump sum could help you meet your family’s ongoing needs.

What about private health cover?

Private health cover will generally only help you pay your hospital and medical bills. It’s a trauma insurance lump sum that can help you meet expenses on top of this, such as food, utilities bills, car expenses and other general living expenses. Paying for these things is something you probably take for granted when you’re well. 

Make sure you get back on your feet

It’s easy to avoid thinking about challenging life experiences like an illness or injury. In fact it feels better when we look on the bright side. But it’s possible to be positive and practical at the same time, by insuring yourself for when you and your loved ones may really need it.

Many Australians don’t realise they’re not covered until it’s too late. But we all know life doesn’t always pan out the way we plan. So speak with a financial adviser about how trauma insurance could help you and your family—or call us on 131 267.




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© AMP Life Limited. This provides general information and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances before deciding what’s right for you. Although the information is from sources considered reliable, AMP does not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, AMP does not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.