Can I bundle trauma insurance with other types of life insurance?

Yes, bundling trauma insurance with other types of life insurance is common and often provides several advantages. Most Australian insurers offer package policies that combine life insurance, TPD (Total and Permanent Disability) insurance, and trauma insurance under one policy, often referred to as 'comprehensive life insurance' or 'life protection packages.' The benefits of bundling include premium discounts typically ranging from 5-15% compared to buying each policy separately, simplified administration with one policy document, one renewal date, and one set of premiums to manage, streamlined underwriting where you complete medical evidence once for all cover types, and comprehensive protection addressing multiple financial risks. When bundling, you can typically customize each component's coverage amount independently - for example, you might have $500,000 life insurance, $300,000 trauma insurance, and $400,000 TPD insurance in one package. Important considerations when bundling include understanding how the different components interact, particularly with accelerated vs standalone trauma options. With accelerated trauma (common in bundles), claiming your trauma benefit reduces your life insurance cover by the same amount, whereas standalone trauma doesn't affect other coverages. Some bundled policies offer flexible options where you can choose standalone trauma even within a package. Compare bundled pricing versus separate policies from potentially different insurers to ensure you're getting the best value, and review whether the trauma component within a bundle has fewer conditions covered or less favorable definitions compared to standalone trauma policies. Ultimately, bundling can be an efficient and cost-effective way to secure comprehensive insurance protection, but ensure the specific policy features meet your needs.