Trauma insurance is a lump sum insurance that covers you in the instance of serious injury or critical illness. It can be used to pay for medical costs, living expenses, therapy, debt repayments, and more.
While a useful type of insurance cover, depending on your financial situation it may not be a necessity. So we help you determine if trauma insurance is right for you and your family. And, should a trauma event occur, we handle the insurance claim on your behalf, and follow up until you receive payment.
We have over 40 years of experience helping our clients understand their options, plan, and protect their personal wealth with comprehensive trauma insurance advice.
Your trauma insurance strategy isn’t just one thing. So we take a holistic approach, including financial planning, tax advice, and estate planning in your service.
We ensure you get access to our trusted network of financial advisers, estate planners, and a panel of over 15 insurance companies, to help you make the right trauma insurance decisions.
We make sure you completely understand your insurance decisions, and gain the knowledge to make the best trauma insurance choice for your future.
At Liston Newton Advisory, we recognise that not everyone understands what trauma insurance is, or when it’s necessary. So part of our strategy is to help you determine whether this insurance is suitable for your financial situation.
If so, we’ll help you access the best trauma insurance quotes that suit your needs, and help set them up for you. We can even work with you to manage any claims, and ensure you receive the payment you’re entitled to.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
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Trauma insurance works in much the same way as income protection insurance. It provides you with financial support in the event that you become critically injured or ill, and require extensive medical treatment.
With an active trauma insurance policy, you’ll receive a lump sum payment to cover all the necessary bills, expenses, and costs accrued during your recovery. It provides you with peace of mind that your finances are taken care of, and you’re able to access the right medical treatment and rehabilitation as you recover.
Trauma insurance protection premiums are not a tax-deductible benefit under Australian tax rules. This is because it’s not considered a replacement for income. Instead, trauma insurance provides you with a lump sum payment to cover treatment and recovery for a medical condition or injury.
Unfortunately, it’s not possible to pay for trauma insurance protection through your super fund.
What’s covered under trauma insurance protection will change depending on the policy and the provider. However, there are a number of conditions you can expect to find covered on the majority of policies.
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