Critical Illness Insurance
Unfortunately, for many people who suffer a critical illness the financial consequences can be devastating, especially if recovery is long and treatment expensive.
Through Ruralco Life Insurance, our experienced advisers can help you plan for the unexpected. We can source Critical Illness Insurance protection that pays you a benefit in the event of your being diagnosed with a critical illness such as heart attack, cancer, stroke and a number of other serious illnesses and conditions.
Benefit payments can help you and your family with daily expenses, mortgage payments, education costs and medical treatments. Critical Illness Insurance can be taken as a stand-alone policy or as an addition to Life Insurance. There are options that allow you to nominate level premiums which lock in the premium rate so that the rate does not increase with your age which can be beneficial over the longer term. Some policies also have a Child’s Critical Illness option that pays a lump sum benefit if your child suffers a critical illness.
Talk to Ruralco Life Insurance today to ensure that should the unexpected happen, you can concentrate on your health and recovery without worrying about your finances.
Case Study
Mary was diagnosed with a serious heart condition that required major surgery and then a long period of recuperation. Mary was married with two children. John, Mary’s husband, worked on a property and was usually away from home during the week. Mary’s Critical Illness benefit allowed her the financial freedom to have the operation and then to have a nurse look after her at home to be near her children. The nurse was also able to mind the children and attend to their daily requirements.
Entry age: generally 16–62
Expiry age: generally 70 or, if attached to term insurance, 100
General advice warning: This document may contain general advice and your personal objectives, needs, or financial situation have not been taken into account. You should consider the appropriateness of any general advice received having regard to your own objectives, financial situation and needs before acting on it. Ruralco Holdings Limited trades as Ruralco Life Insurance and refers clients to KNM Services Pty Limited ABN 62 094 109 958 AFS Licence 223477 for advice and dealing services in life insurance and superannuation products.
Email enquiries@ruralcoinsurance.com.au
