Does trauma cover include skin cancer for Aussies?
Australia has the highest rate of skin cancer in the world* at 12 times the global average rate of melanoma.
This is due to our spectacular weather. Sun exposure is estimated to cause around 95% of our melanoma cases and around 99% of non-melanoma skin cancers#.
As an Aussie, it’s likely skin cancer will touch your life at some stage, or the life of someone you know. That’s the sad news. The better news is there’s a way to cover the financial costs if the worst happens.
Affordable Cover While You’re Still Here:
Meet trauma cover. It pays out a lump sum in the event of serious illness. Treatment and after care can be costly - not to mention lost income if you can’t return to work right away. It can be a lifeline for many Aussies as they start their journey to recover. Policies typically cover conditions like:
Cancer
Heart attack and stroke
Coronary Artery Disease
A policy with a $500,000 payout costs around $4.26 a day, which is about the same as a decent coffee^.
Do I really need it?
Some questions to ask yourself before getting trauma policy:
How much money would you and your family need if you can’t work for a period of time?
Do you already have private health insurance that may help with medical expenses?
Our trauma insurance specialists can help compare prices of different levels of cover to find what works for you.
Aren’t I covered via my superannuation fund?
No. Super funds don’t contain trauma cover.
Can I hold a trauma insurance policy without buying a life insurance policy?
Yes, you can certainly purchase standalone trauma cover. You can’t predict the future but you can plan for it. This is the kind of detail with which our Compare Club’s experts can help:
Sources
*Australian Institute of Health and Welfare & Australasian Association of Cancer Registries. Cancer in Australia: an overview 2012. Cancer series no. 74. Cat. no. CAN 70. Canberra: AIHW, 2012.
#Armstrong BK, Kricker A. How much melanoma is caused by sun exposure? Melanoma Res 1993;3(6):395-401.
#Armstrong BK. How sun exposure causes skin cancer. In: Hill D, Elwood JM, English DR, eds. Prevention of skin cancer. Dordrecht, the Netherlands:: Kluwer Academic Publishers, 2004, pp. 89-116:pp.89-116.
^Cost based on $500,000 worth of trauma cover only for a 40-year-old healthy non-smoking male in NSW with no pre-existing conditions. Price accurate as of 24.10.22
Things You Should Know
Compare Club Australia Pty Ltd (authorised representative number is 1279036) trading as Compare Club and Advizer Pty Ltd ABN 83 168 993 333 (authorised representative number is 459414) trading as Compare Club Life Insurance and Life Insurance Comparison are authorised representatives of Alternative Media Pty Limited (AFSL 486326). Our advice is general in nature which means it does not take into consideration your personal needs, objectives or circumstances. We will not consider whether the product and its features are appropriate for you. Therefore it is important that you consider whether products are appropriate for your objectives, needs and circumstances. You should also consider the relevant Product Disclosure Statement (“PDS”). Compare Club compares selected products from a panel of trusted insurers. We do not compare all products in the market. For more information about our services, including how we are paid, please read our Financial Services Guide.
