Does Trauma Insurance cover Chronic Lung 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 lung disease.

What is chronic lung disease?

Chronic lung diseases impact normal breathing. They are often defined by the umbrella term ‘chronic obstructive pulmonary disease’, or ‘COPD’. Some types of COPD include emphysema, chronic bronchitis and chronic asthma. Other types of serious lung conditions include cystic fibrosis, pulmonary fibrosis, and lung cancer.

COPD is cited by the Australian Institute of Health and Welfare (AIHW) as one of the leading causes of death in Australia.

How it can affect your life

Chronic lung disease cannot be cured, but various treatments are available to minimise the symptoms – including medication to open the airways or to loosen phlegm, corticosteroids via a puffer, antibiotics for infections, surgery to remove damaged lung tissue, oxygen therapies, and also lifestyle changes such as ceasing smoking if the person is a smoker.

People with a serious lung condition may require regular time off work for treatment and recuperation. This could mean loss of income at a time when medical expenses could be high.

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.

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