Accident Only Insurance

Jan 18, 2021

Why is accident-only cover so important?

In the unfortunate event of a life-threatening or debilitating accident, the last thing on anybody’s mind should be money and returning to work. Yet, for too many families, it’s an overwhelming concern because the out-of-pocket medical expenses associated with a serious accident can be extremely high. You can help protect yourself and your family from financial hardship by taking out accident-only cover.

 

There are three types of accident-only cover generally available.

  1. Accidental death
  2. Accidental total and permanent disability (TPD)
  3. Accidental income protection

 

You should consider Accident-only cover if:

  1. You are unable to secure full cover due to a complex medical history
  2. You can’t afford full cover
  3. You want to top up existing insurances
  4. You want to minimise out-of-pocket expenses in the event of a workplace accident

 

If you would like to know more, call us and have a chat to one of our advisers.

“Got any questions the FAA Team are here to help!”

John Hehir

 

 

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Disclaimer:

The information provided in this blog is general in nature and does not take into account your individual objectives, financial situation or needs. It is not intended to be personal financial, legal, taxation, or investment advice. Before making any decisions, we recommend seeking advice from a licensed financial adviser who understands your specific circumstances. While every effort is made to ensure the information is accurate at the time of publication, Financial Advisers Australia makes no guarantees and accepts no responsibility for any loss arising from reliance on this content.