Does Trauma Insurance cover Chronic Liver Disease
When you purchase Life Insurance with NobleOak, you can also apply for separate cover in the form of Trauma Insurance.
Trauma Insurance can provide crucial financial support if you are diagnosed with one of the 38 listed medical conditions – one of which is chronic liver disease.
What is chronic liver disease?
As detailed by Better Health, the liver is essential to the body’s survival as its key functions include the removal of waste, making bile, filtering out toxins, and making new proteins.
The main types of liver diseases include cirrhosis of the liver, chronic hepatitis, and liver cancer. These conditions are often related. For example, Hepatitis B or C (viral hepatitis) can lead to cirrhosis of the liver, which in turn could lead to the development of liver cancer.
Cirrhosis of the liver occurs when healthy cells are replaced by scar tissue, which causes the liver to lose function. The primary causes of cirrhosis of the liver include excess alcohol consumption, Hepatitis B or C, fatty liver, and certain inherited conditions such as iron overload (Haemochromatosis) and cystic fibrosis. Hepatitis is inflammation of the liver and may arise due to a number of causes.
According to The Australian Liver Foundation, liver diseases cause around 7,000 deaths per year in Australia, and up to six million people may be affected by a serious liver condition.
How it can affect your life
Treatments for liver diseases include medications to treat any underlying infection, making dietary and lifestyle adjustments, regular blood letting (venesections) to reduce iron levels, and chemotherapy and radiotherapy in the case of liver cancer. Time off work for recovery is essential with some of these treatments.
In serious cases of liver disease, it may be necessary for a liver transplant to be undertaken. This would lead to considerable time away from work for the initial surgery and recovery, and a possible high level of out of pocket medical expenses. The cost of possible home modifications, and ongoing living and education expenses could also be significant.
How NobleOak’s Trauma Insurance can help
NobleOak’s Trauma Insurance pays a lump sum up to $2 million if you are diagnosed with one of the listed 38 medical conditions outlined in the PDS – regardless of whether or not it can be successfully treated.
A Trauma Insurance payment can be used however you like. For example, you may need this money to:
- pay for medical treatments including specialists, hospitals, and Medicare or health insurance gaps
- pay household bills and expenses
- clear your debts or get ahead in your mortgage payments
- replace your partner’s income if they take time off work to provide care
- hire additional help with housework or child care.
Is Trauma Insurance right for you?
If you and your family are likely to experience financial stress if you suffered a serious illness, then Trauma Insurance should be an important consideration for you. Commencing Trauma Insurance while you are healthy will help minimise the premium costs.