Helping you recover

  • Would you have sufficient savings to cover large out-of-pocket medical bills?
  • Could you afford to reduce your working hours if you needed to improve your health?
  • Could you afford for your partner to take some time off work to look after you?

What is trauma insurance?

When you suffer a serious illness, the impact on your life can be enormous. Likewise, the financial impact can be devastating if you’re not adequately prepared for it.

Trauma insurance provides you with a lump sum payment if you suffer an insured major medical trauma. The actual events covered vary between insurers, but some of the most common ones include:

  • Heart conditions.
  • Neurological conditions — dementia, motor neurone disease, Multiple Sclerosis, muscular dystrophy, paralysis, Parkinson’s disease and stroke.
  • Blood disorders — aplastic anaemia, medically-acquired HIV, occupationally-acquired HIV
  • Cancers and benign brain tumours.
  • Organ disorders — like chronic kidney/liver/lung failure, coma, loss of hearing/speech, major head trauma, severe burns.

Each of the above insured events is usually medically defined within the policy, and the definition must be satisfied to be eligible for a benefit payment. For example, it is not sufficient to simply be diagnosed as suffering from cancer, the type and severity of the cancer must meet the definition within the policy.

What this means to you

The payment of a lump sum from trauma insurance can help you and your family get the financial support you need to get through a major illness without the financial upheaval.

This money can help you do things like:

  • pay for the best medical care, both here or overseas
  • access the full range of rehabilitation services
  • pay for someone to come and help you around the house
  • change your lifestyle if required (eg reducing your working hours or taking an extended holiday).
  • help with mortgage repayments.

Insurance policies will often vary in their features and benefits, so you should work with your financial adviser to choose a policy that suits your needs and your budget.

Case study

Charlotte, 48, was working part-time and looking after her two-year-old grandchild on her days off. One day while looking after little Lucas, Charlotte started to feel severe back pain. After being sent for scans by her GP , Charlotte discovered she had a malignant cancer growing at the base of her spine. She immediately started chemotherapy treatment, and it was looking like she would be unable to work for up to six months.

Without Trauma insurance, Charlotte and her husband Terry would’ve had to find the money to cover Charlotte’s extensive out-of-pocket medical expenses. That probably would’ve meant adding to their mortgage — with only Terry’s income to support it for the next six months.

Fortunately for Charlotte and Terry, they had put in place comprehensive trauma cover for each of them. Charlotte was insured for $200,000, which was paid as a lump sum. This money meant the couple were able to cover her medical expenses, and pay down the mortgage instead of increasing it. They also put some of the money aside to fund a holiday to Europe when Charlotte was feeling better.

What are the chances?

By the time a male reaches age 55 there is a 1 in 2 chance they will have been diagnosed with cancer at some point (1 in 3 for females).

To find out more, or to make an appointment, simply call Maximum Wealth Strategies on 02 60562229 or contact us.

Securitor Financial Group
Securitor Financial Group Ltd
ABN 48 009 189 495
AFSL & ACL 240687

Asgard

Testimonials

Advanced Roof Restoration

We have been associated with Wes Curnow for over 18yrs when we first commenced our business. Wes is a highly professional and trustworthy individual and we are more than impressed with the handling of all aspects our insurance matters.    Wes is very approachable and we have the highest regard for him both professionally and personally   Mick & Flo...

Sherry Thomas

Having experienced 3 events covered under our Risk Insurance. Namely; Death, Trauma & Income Protection. My husband and I have had the fortunate advantage of having Wes Curnow from Maximum Wealth Strategies to guide us through the maze of paperwork and support our claim applications.   We didn’t even realise we were eligible to claim after one such event until Wes advised us he...

Petar Gvozdenovic

I have been dealing with Wes Curnow for a number of years now in relation to my ongoing Income Protection claim. I have found his advice and assistance in relation to the management of my claim nothing but first class. I would highly recommend his services to any one that needed advice in respect to personal insurance knowing that if a claim arose Wes would be there to take you through this...

R and N Lombaert

We have dealt with Wes Curnow as our personal insurance adviser for many years. His insurance knowledge and advice has been of great benefit to us.Wes has been very supportive and proactive especially when we required guidance to take us through the claims process when we needed to make a claim. His service has gone beyond expectations in obtaining the best possible outcome during the years we...

Neil Johnstone

I have been dealing with Wes for over 20 years and have always found he displays a professional image and unquestionable integrity.Recent claims were trouble free due to the explanations of insurance jargon broken down to simple English terms.Nothing is too much trouble for Wes despite his hectic workload. Neil Johnstone

Robyn Sullivan

I was referred to Wayne Barber of Maximum Wealth Strategies when I retired in 2007.Wayne has been an enormous help in everything financial.  I have found Wayne to be very professional and a wealth of information in all aspects relating to money matters in my retirement.Thank you Wayne, Robyn Sullivan

Trevor and Dee Vyner

We have been dealing with Wes Curnow for over 10 years. We have found him to be very helpful and caring. His advice and support to our family has been very much appreciated especially when we needed help to make a claim for a family illness. His ability to make a tough process run smoothly was exceptional. The peace of mind in obtaining money swiftly when it was most needed for our family was a...

Bron & Vyner Smithwick

Rozz Curnow has been our financial advisor for many years.  She has an astute knowledge and perception of the financial climate. She is a caring and ethical person, making suggestions for our financial needs always with our wishes and best interests at heart. She is meticulous and never hurried in her explanations and discussions of financial options.Rozz has helped us with our...

Tania Harrison

I was referred to Wes Curnow from M.W.S. eighteen months ago in regards to my income protection claim. During that time Wes turned a mountain of paperwork and legal jargon into an easy manageable process. Wes took out the burden in what was a very stressful time in my life. I could not have managed my claim without Wes's assistance. Wes's professionalism and knowledge is exceptional. I would...