Existing customers – for more information regarding recent changes to your Income Protection or TPD insurance please click here

Existing customers – for more information regarding recent changes to your Income Protection or TPD insurance please click here

Life Insurance

Going Travelling? You’ll Need More Than Travel Insurance

14 Nov 2017

Life Insurance by Life Stage

The choices you make today can impact your long-term health, wealth and happiness. Understand the important role Life Insurance can play in key life events.

With 2017 drawing to a close and Christmas time on the way, you are probably looking for that perfect getaway for you and the family to rest and recharge. Something exotic, or tropical, active or even romantic. It’s all very exciting!

Naturally, you book your tickets, pack your bags and purchase travel insurance, before heading out, but is that covering you and your loved ones as much as you think?

Here’s all you need to know so you can put your feet up and rest easier these holidays.

What Is Travel Insurance?

While different products and providers vary, generally speaking, travel insurance is an insurance product that is specifically intended to financially cover unforeseen incidents while travelling on vacation, such as medical expenses, trip cancellation, lost luggage, flight accidents and other losses incurred either internationally or domestically.

Usually, it is arranged at the time of booking the trip, either personally or through a travel agency, to cover any incidents for the duration and location of the trip, and the cover can vary due to several factors such as the destination, pre-existing conditions and number of people covered.

Generally, this is all that people take out, however there are other really important insurance types that you should also be considering for the safety and security of your family. These include:

You don’t want to dwell on the negatives before you escape to your little get away, and neither do we, which is why we have put this blog together to arm you with the right knowledge to make the best decision beforehand, so you can have complete peace of mind when it matters most.

Here’s all you need to know about Travel Insurance so you can relax these holidays.

Why Life Insurance?

As its name suggests, Life Insurance specifically covers the insured for causes of death. Travel insurance unfortunately has significant limitations when it comes to this, and taking out Life Insurance means that your family will not be burdened with any unforeseen financial obligations if something was to occur while travelling.

Why TPD Insurance?

Total and Permanent (TPD) Disability Insurance provides a lump sum benefit should you become disabled as a result of illness or injury, which then causes you the inability to return to work. In this scenario, Travel Insurance may cover the cost of treatment and return home to Australia but does not insure against your future ability to work.

Why Trauma Cover?

Trauma insurance provides cover if you are diagnosed with a specified illness or injury, such as a stroke. If this was to occur, Trauma insurance can provide a financial safety net for you and your family, allowing you to focus on recovery.

Why Income Protection?

As its name implies, Income Protection Insurance is specifically designed to cover a portion of your income payments if you cannot return back to work after your holiday due to illness or injury. Instead of being a lump sum like the other insurance types above, it is a monthly benefit instead, helping you and your family remain on top of bills and focus on recovery.

Are You Ready To Set Off?

The last thing you want to be worrying about when heading out the door on your next adventure is what would happen if something was to unfortunately not go exactly to plan. You want to make sure you and your family are protected in those kinds of unlikely events.

Speak to a NobleOak Specialist today on 1300 041 494, or read our FAQ page here for more information about what Insurance products are right for you.

Help protect your family with
Australia's most awarded direct life insurer
five years running (2019 - 2023)

New Customer Enquiry Form
Existing Client Enquiry Form
Claims Support Form
Request a callback