Why Get Critical Illness Insurance
Peace Of Mind
Focus on recovery without worrying about the cost of treatment, lost income, and other financial burdens associated with severe illnesses and conditions.
Lump Sum Benefit
Receive a lump sum cash benefit upon diagnosis if you're severely injured or develop a covered condition. This way you can cover any bills.
Act As A Safety Net
Your critical illness benefit can act as a safety net for treatment or out of pocket costs which are not covered by private health insurance policies or public health.
Partnered with over 90% of Australia’s retail insurers
What Is Critical Illness Insurance?
Also known as "Trauma Insurance," Critical Illness Insurance pays a lump sum if you are diagnosed with or suffer from a covered condition such as cancer, heart attack or stroke with a specified severity. Generally there are around 50 conditions which are covered by Australia's leading insurers.
These conditions can be life-threatening, debilitating, or come with significant treatment costs which may not be fully covered by private health insurance or by the public health care system. For example major head trauma, burns, coma, diagnosis of Multiple Sclerosis, Parkinson's, Muscular Dystrophy, brain tumours and more. For a full list of covered conditions, please speak one of our brokers who will provide comparisons across our insurer panel.
I’ve Got Private Health, Why Do I Need Critical Illness Insurance?
Unlike private health insurance, which usually covers treatment costs only, your Critical Illness benefit can be used in any way you wish. The benefit amount is paid to your nominated bank account and is generally tax-free. Generally, it's can be used to cover medical and rehabilitation costs, lost income, time for loved ones to be with you and other related expenses.
Private Health Insurance and Critical Illness Cover complement each other to help ensure that there are sufficient funds for you to afford the care that you want if you develop a serious illness.
Need A Hand?
Insurers can offer discounts of up to 15% if you are purchasing Trauma insurance with other covers such as Life cover, Total and Permanent Disability (TPD) Insurance and Income Protection.
Choosing the right level of cover is typically a balance with cost. You can insure for up to $2 million in Critical Illness cover. If you need help in understanding your needs, don't hesitate to speak with one a financial adviser or insurance broker like us.
To request quotes for Critical Illness Insurance, contact us today.
Critical Illness Insurance Benefits
These are benefits which are commonly available with Critical Illness covers either as extra cost options or in-built benefits.
Reinstatement Option
The reinstatement option allows you to continue being covered for other critical illnesses that may arise in the future, even after making an initial claim. You can restore your coverage after a claim after a specified period, usually 12 months.
Plus / Premium / Advancement Option
Although labelled differently across insurers, they provide a similar benefit. This option allows for a portion of your benefit to be paid for earlier stage illnesses and conditions such as early stage cancer or carcinoma in situ.
Paralysis Support
If you are or become permanently paralysed, Paralysis Support is a benefit which doubles your covered amount in such cases.
Inflation Protection
You can increase your insured sum by the inflation rate or a set rate each year to keep your benefit the same without needing further medical underwriting.
Tax Free Benefit
In Australia, the once-off lump sum payment you receive when you make a claim on you critical illness insurance are generally tax-free.
How Much Will Critical Illness Insurance Cost?
Trauma Insurance premiums are based on several factors, such as your age, health condition, medical history and lifestyle. How much coverage you need is a key factor as well.
The best way to get an accurate quote is to contact us so we can ask the right questions and make comparisons with our insurer panel.
If you have pre-existing medical conditions, we can anonymously 'pre-assess' your position with insurers before you make a decision or apply. Our service is offered at no additional cost to you.
We understand that there's no one-size-fits-all so our discussions are designed to help you decide the level of cover that meets your needs, fits your budget, and gives you the peace of mind.
What Else to Consider
Why Choose Us for Critical Illness Insurance
Extensive Experience
We're experts in life insurances including Critical Illness cover. At WeLifeInsure, this is our focus, so we know how to get the best deals and exclusive discounts from insurers.
Transparent Comparisons
We share our screen so you can see your comparisons live. We’ll help you compare features and pricing across our insurer panel so you know you have the best value policy to fit your needs.
Australia's Top Insurers
At WeLifeInsure, our insurer panel includes 90% of the market’s insurers and offer the same as those available through financial advisers with the highest claims acceptance rates historically.
No Extra Costs
We are paid a commission from the insurer for policies that we help organise, independent of which insurer you go with. This allows us to offer our services at no additional cost to you.
Learn
We'll help you explore the Critical Illness Insurance policies available based on your specific needs and personal circumstances.
Compare
We'll help you pre-assess your position and provide quotes and guide you through the application process to avoid common mistakes.
Covered
If you choose to proceed, your broker will assist you through the application process, helping you avoid common errors.
The People We’ve Helped Get Insured
Fantastic service provided by WeLifeInsure. Wilson was very knowledgeable and made the entire process of obtaining and reviewing personal insurance easy to follow and understand. He was extremely patient in explaining all important aspects and tailoring the policy to individual needs and circumstances. He was also able to give many other helpful pointers, such that it is evident that he always keeps the best interest of the individual at heart. Highly recommended.
Wilson provided comprehensive explanations to my never ending questions and I felt like I was then in a position to make an informed and appropriate decision for my situation. Consideration was given to ensure that I had explored my current insurance and was aware of what I would be giving up if I switched. Thanks Wilson for your excellent customer service. Highly recommend.
Wilson's organised, calm approach to organising my Insurance products with me was seamless. Never felt like a question was too difficult, or silly to ask and the explanation was clear and excellent comparisons were used to help me gauge what level of cover I need. Would recommend his services to friends and family!
You can make use of our critical illness insurance calculator to assess your coverage needs quickly and easily. Just input your age, desired coverage amount, and other key details to estimate potential premiums and benefits.
Critical Illness Insurance FAQs
Protect Your and Your Family's Health With The Right Critical Illness Insurance Policy
If you're critically ill, your insurance policy can help you manage this difficult time and all the financial challenges that come with it. Let us help you find the right one to protect your and your loved ones' health.
