“Life Insurance for the living”

You may not always be fit and healthy.

Even though Australians have an increasing life expectancy, not all is well. Males have a life expectancy of 76 years, but only 58 of those years are likely to be free of some significant disability. For females it is 82 and 63 years respectively.₁

By the time a woman is 40 the lifetime chance of having coronary heart disease is one in three, and it gets progressively worse the older you are. For a male, the lifetime chance is one in two at age 40.₂

Trauma insurance (sometimes referred to as Critical Illness) is a relatively new product, specifically introduced because of the major medical advances in treatment which have resulted in substantial increases in survival rates after a serious medical condition such as a heart attack.

Trauma insurance can be an important supplement, or a stand alone product, to Life insurance. If a person suffers a medical trauma, Life insurance (including cover residing in a superannuation fund) won't help, as the person is still alive.

Trauma insurance offers protection by providing a lump sum payment in the event you are diagnosed with one of a range of specified medical conditions.

The sum insured is usually lower than for Life insurance since its usual purpose is to avoid financial stress during the recuperation period and possible life changes post this, where items such as home modifications and specialist medical attention may be necessary.

1.Australia's Health 2000 - Australian Institute of Health and Welfare, 2000.

2.Heart, Stroke and Vascular Diseases – Australian Facts 2001. Australian Institute of Health and Welfare, National Heart Foundation of Australia and National Stroke Foundation of Australia, 2001.