CommInsure Trauma Protection cover is an important personal insurance to have in your insurance portfolio. Especially if you see the need to protect yourself and your family against you contracting a number of serious specified diseases or injuries. If the cause of your trauma is such that it threatens to prevent you from earning a living in your own right. For this reason trauma insurance is often referred to as ‘living insurance.’ Insurance where you don’t have to die before the benefits are paid out to you. By receiving the benefits while you are still alive you will be able to make any necessary changes to your home to assist you in coping with your changed conditions such as railings, widening of doorways and any necessary bathroom renovations.

The money is paid in a lump sum and can be used for anything you wish. You could pay for specialist medical care, a holiday for recuperation purposes, or pay the costs of having a carer. The options are yours, and yours alone, but at least you will have options. If you weren’t covered by Comminsure Trauma Protection insurance when you became diagnosed with having certain types of cancer, a heart attack , stroke, or any number of other specified ailments your financial future could look very bleak indeed. Something you don’t want to have to stress about on top of the worry concerning your physical condition.

Comminsure Trauma Protection Packaging Options

Comminsure Trauma Protection is a part of the Commonwealth Bank’s Total Care Plan and life insurance suite of policies. You can obtain it either by having it included as a total Life Care package or as a stand alone insurance policy in its own right. The cover can therefore be purchased in the following ways:

• As a Trauma Cover insurance stand alone policy.
• Trauma Cover and Total and Permanent Disability Cover combined. Package.
• Life Care and Trauma Cover combined package.
• Life Care, Trauma Cover and Total and Permanent Disability Cover package combined.

Comminsure Trauma Protection Benefit Pay Outs

Trauma protection benefits will be paid in a lump sum if your diagnosis meets your policy conditions and you survive your condition for at least 14 days. There are 48 specific medical conditions listed in your Comminsure Trauma Protection Cover Schedule along with 10 more included in Trauma Cover Plus. The specific medical conditions are grouped into the following two types of conditions:

• Heart Disorders.
• Nervous System Disorders.

Trauma Plus will give you additional cover such as:

• Diabetes complications,
• Certain specific carcinomas and melanomas,
• Partial blindness,
• Partial loss of hearing and
• Severe Osteoporosis.

Comminsure Trauma Protection Other Benefits

Besides the normal pay out of a lump sum payment you may be eligible to successfully claim if there are also other benefits to be gained from your cover. These benefits include the following:

• A severe hardship booster benefit. This benefit pays a higher cover for certain medical conditions.
• A benefit for financial planning advice. An important aspect of helping both yourself and your dependants adjust to your changed circumstances with regards to your future financial needs.
• Accommodation benefit. A benefit that will cover the cost of a family member having to obtain accommodation to be near you while you are confined to bed and away from your usual home.
• Child cover option. This option pays a lump sum equal to any amount you have your child insured for, if you child should suffer or die from one of the specified number of Child Trauma Cover conditions.
• There are two guaranteed insurability options. One is for personal events that allows you to increase your life insurance (Life Care) without the need to give further medical evidence on certain occasions that are specified in the policy. The other is for business events that will allow you to increase your personal trauma cover to the same as that of your death cover without you having to supply any medical evidence when you increase your business loan. In other words as the value of your key person grows, the value of your financial interest in your business grows also, and this means your business increases in value to suit.
• Business Safe Cover Option. The Business Safe Cover Option is much the same as the guaranteed insurability (business events) options so that when you apply for cover you will be assessed on three occasions as to the amount of cover you require. With this option you will be able to increase your trauma cover without having to undergo any more medical examinations.

There are other features that make Comminsure Trauma Protection a most worthwhile cover to have in your insurance armoury. There is such a benefit as a loyalty bonus benefit, a life care and trauma cover buy-back benefit, a CPI indexation benefit that allows you to keep pace with inflation, and an interim accident benefit among others. It is indeed a most comprehensive trauma protection cover that can be tailored to suit any situation.