Metlife Trauma Insurance

Information verified correct on September 24th, 2016

The Metlife Trauma Insurance policy provides financial assistance for you and your family in the event you suffer a major illness or serious accident, by providing a lump sum benefit of up to $2 million. Cover can be extended to provide additional protection for death, diagnosis of a terminal illness or total and permanent disablement.

This review will explore the conditions you can receive cover for and the additional benefits offered under this policy.

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Coverage is the amount of money that you will be paid in the event of a claim. An insurance consultant can help you determine an appropriate amount. Calculator
Provides a lump sum payment if you become totally and permanently disabled and are unable to return to work.
Provides a lump sum payment if you suffer a serious medical condition. Cover can be taken out for 40-60 medical conditions depending on the policy you choose.
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When comparing trauma insurance policies, you need to carefully consider how each of the inclusions will work for you, to ensure you are choosing an insurer who will be there for you when you need them the most.MetLife offer over 140 years of experience and comprehensive and current industry knowledge, so you can be sure that a trauma which gets in the way of your work won’t get in the way of your ability to provide for your family.

MetLife LifeCare Trauma Insurance Features

MetLife provide insurance and finance products to millions of individual and institutional customers in the Americas, Asia Pacific and Europe. The finance experts behind the MetLife brand in Australia provide group insurance, personal life insurance and a range of investment products and planning tools both directly and through planners and advisers.

MetLife has insurance products which match every stage in life, including term life insurance, trauma insurance, salary continuance insurance, loan protection insurance and mortgage repayment insurance.

In the case of MetLife’s trauma insurance product, you will benefit from the following features:

  • Financial protection for your family in case of a trauma If you suffer from one of the listed traumas in the MetLife LifeCare trauma insurance policy, you will receive a lump sum payment of your benefit amount, which you and your family can spend as you need to. This means you can use the money for household bills, to pay medical expenses, or to fund a rejuvenating holiday.
  • Your choice of cover amount With MetLife you can choose a trauma insurance benefit amount of up to $2 million (trauma sum insured). You can also add onto your policy by including a death benefit, cover for a terminal illness, or for total and permanent disablement.
  • Cover for a full range of trauma events MetLife will pay out your benefit up to $2 million if you suffer from one of the defined traumas:
  • Accidental HIV Infection
  • Alzheimer’s Disease
  • Aplastic Anaemia
  • Benign Brain Tumour
  • Blindness
  • Cardiomyopathy
  • Chronic Liver Failure
  • Chronic Lung Failure
  • Chronic Renal Failure
  • Coma
  • Diplegia
  • Encephalitis
  • Hemiplegia
  • Loss of Hearing
  • Loss of Independent Existence
  • Loss of Speech
  • Major Head Trauma
  • Major Organ Transplant
  • Meningitis* (ChildCare only)
  • Motor Neuron Disease
  • Multiple Sclerosis
  • Muscular Dystrophy
  • Open Chest Surgery**
  • Paraplegia
  • Parkinson’s Disease
  • Primary Pulmonary Hypertension
  • Quadriplegia
  • Severe Burns
  • Coronary Artery Angioplasty***
  • Coronary Artery Angioplasty Triple***
  • Vessel**
  • Coronary Artery Bypass Surgery**
  • Heart Attack**
  • Malignant Cancer**
  • Open Chest Surgery**
  • Stroke**

** See Waiting Period

*** See minimum trauma Sum

  • MetLife life insurance packages You can take out MetLife trauma insurance in conjunction with other LifeCare products, and the inclusions in your package can affect the way your benefits are managed. For example, after being diagnosed with an eligible trauma, you must survive for 14 days in order to receive the trauma Sum amount. However, if your policy includes the bereavement benefit or you are also covered by a LifeCare Term Life policy, the death benefit may be payable. Additionally, if you make a successful claim and have the trauma Sum paid on your trauma insurance, your coverage with MetLife will end, unless you also have a Term Life or TPD option included in your LifeCare package.
  • ChildCare option Allows you to insure your children between the ages of 1 and 16 meaning you will receive $50,000 for any insured child who suffers an eligible insured trauma event.
  • Waiting period If you suffer from one of these defined traumas within three months of the start of your MetLife trauma insurance policy, you will not be eligible for a benefit payout. However, if you suffer a recurring trauma three months after the first occurrence, and it is not related to the first occurrence, your benefit will be paid.
  • Minimum trauma Sum Your minimum trauma Sum Insured must be $100,000 to benefit for Coronary Artery Angioplasty and Coronary Artery Triple Vessel. You will only be entitled to 10% of your trauma Sum Insured if it is under this minimum. Your sum insured under the Trauma Insurance will then be reduced by the amount paid for Coronary Artery Angioplasty and Coronary Artery Triple Vessel. Not available under ChildCare option.
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