Critical Illness or Trauma Insurance
Critical Illness (Trauma Insurance) - pays a lump sum benefit upon diagnosis of a specified medical condition. There are a number of medical conditions covered under Critical Illness, however the most common conditions claimed for are: Cancer; Heart Attack; Stroke and Coronary Related.
Critical Illness cover is held in conjunction with Term Life cover and the Critical Illness amount selected cannot exceed your amount of Term Life cover.
Why is Critical Illness so important?
With the advancement of medical science, people are now surviving Critical Illness events that would have once resulted in an early death. This is great news, however we need to consider quality of life for someone after they have been diagnosed with a Critical Illness. The payment of a lump sum benefit upon diagnosis allows you to focus on your recovery, rather than worrying about your financial situation.
How much cover is enough?
You may choose to use the proceeds from Critical Illness cover to access the best medical treatment available in the world, pay off some of your debts such as a mortgage or simply take some extended leave. To make an appointment to speak to a ClearView Financial Planner who can help you calculate the appropriate amount of cover for your needs or register at "Facts on Line" for your free access to a range of comprehensive Life Insurance calculators.
