Trauma/ Critical Illness/ Recovery Insurance
With the remarkable advances in modern medicines, more and more people are now surviving major traumas such as heart attack, cancer, coronary artery surgery, etc. However, the recovery period and the cost of care associated with such illnesses normally places extreme financial strain on the person suffering the illness.
Trauma Insurance pays an agreed ‘lump sum’ to the insured person upon diagnosis of one of a number of specified conditions (up to 30 conditions can be specified). Some policies have a 14 day survival period requirement after diagnosis.
Such a payment will assist you to be financially secure and may be used in any way you like.
Benefits are generally considered tax free. You should consult your Accountant for formal confirmation.
This information is provided on a general basis only. No account has been made of any person’s individual circumstances. You should seek professional advice before any decision is made and read the insurance company’s Product Disclosure Document for full terms and conditions.
CorpSure Private Wealth Pty Ltd is a Corporate Authorised Representative (AR# 1249381) of AIW Dealer Services Pty Ltd (ABN 69 627 079 412 WorkSure P/L).