Many veterans believe that once their DVA and ComSuper claims have been finalised, they no longer need to think about personal insurance. While DVA and ComSuper can provide valuable support, they are not designed to replace comprehensive personal insurance.
Having the right insurance in place remains one of the most important steps you can take to protect yourself, your family and your financial future.
Veteran Financial Connect has partnered with HAE Insurance to help ensure you have access to the insurances you need across: Life Insurance, TPD, Income Protection and Trauima and Critical Illness cover.
As veterans move into civilian life, they face many of the same risks as everyone else:
Serious illnesses such as cancer, heart attack or stroke.
Accidents outside of military service.
Injuries sustained through new employment or recreation.
The loss of income due to illness or disability.
The financial impact on family members if something happens unexpectedly.
Many of these events may have no connection to your military service, meaning they may not be covered by DVA.
Income Protection Can Safeguard Your Lifestyle
Your greatest financial asset is often your ability to earn an income.
If illness or injury prevents you from working, Income Protection insurance can help replace a portion of your income while you recover, allowing you to continue paying your mortgage, rent, household expenses and other financial commitments.
Total and Permanent Disability (TPD) Insurance
Even if you've previously received a TPD benefit through ComSuper, that doesn't necessarily mean you're protected for future circumstances.
Depending on your employment, superannuation arrangements and insurance needs, additional TPD cover may still be appropriate to provide financial security if you become permanently unable to work.
Life Insurance Protects the People You Leave Behind
For those with partners, children or financial commitments, Life Insurance can provide essential financial support if the unexpected occurs.
Trauma Insurance Provides Flexibility
Trauma Insurance pays a lump sum if you're diagnosed with a specified serious medical condition, such as cancer, heart attack or stroke.