Did you know?

Heart disease in children is the leading cause of death, accounting for more than 30% of childhood deaths?  Or that 200 children under the age of 14 are diagnosed with leukemia each year, with treatment taking approximately 2 years?

What would happen if this was your child, or grandchild? Would you have adequate funds available to cover costs of hospital and treatment? Would you or your partner be able to stop work indefinitely to care for your sick child? Unfortunately for most people there would not be sufficient funds simply ‘lying around’ to eliminate the financial stress of coping with a sick child.

Thankfully, there is great news, a low cost solution that will ensure dollars are available to you when needed most – Child Trauma Protection.

Trauma Protection is designed to pay a lump sum amount in the event of a specified illness or event, for example, cancer, stroke or heart attack. It is now possible to not only ensure your health, but the health of your children.

In the event your child suffers a major illness or dies, you will receive a lump sum payment (as determined by you) to ease the financial burden and help allow for:

  • Parents to stop work and take care of the child full-time
  • Funding for medical treatment & hospital costs
  • Funding to provide for ongoing care or other objectives (e.g. family holiday)

How much does peace-of-mind cost?

Child Protection must be taken out in combination with trauma protection for an adult, the cost is approximately $150 per annum. Once the child is age 18, they are eligible to convert the policy to an adult policy without any health assessment.

Are you interested in gaining a better understand of protecting your children? Do you want make sure you have the right insurance to protect all of your family members? For your free initial consultation with one of our friendly advisers, call our office today, toll free on 1800 679 000 for our Rockhampton office and 1800 804 431 for our Melbourne office.  One of our advisers would be delighted to assist you.

Morgen Harris joined us in 2006 after completion of a Bachelor of business and RG 146 diploma equivalent as set out by ASIC. She is experienced in providing specialist advice taking into consideration appropriate taxation of premiums and proceeds, suitable policy ownership and complex health scenarios. She provides advice in both the personal and business protection space, including business succession planning.  Morgen works in our Melbourne office.
The information provided in this article is general advice only. It is prepared without taking into account your objectives, financial situation or needs. Before acting on the advice in this article, please consider the appropriateness of the advice, whether the advice is appropriate to you, your objectives, financial situation and/or needs, before following this advice.
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