"Whilst Life Insurance pays a lump sum upon one trigger event, being death, Trauma Insurance will pay a lump sum if you suffer from as many as 50 different trigger events, being specific medical conditions."
What is Trauma Insurance?
Trauma Insurance will pay you a lump sum if you suffer from a range of specific medical conditions or events. These trauma events include cancer, heart attack, heart surgery, stroke, coma, major head trauma, paralysis, severe burns, blindness, some organ diseases, benign brain tumours and many other condtions and events. Most insurers will also pay a partial benefit on a range of less traumatic conditions or events. Trauma Insurance is also known as 'critical illness' or 'crisis recovery' insurance.
Why do I need Trauma Insurance?
Advances in medical care have resulted in us all living longer if we get cancer or have a heart attack or stroke.
Trauma Insurance provides financial support when you need it most, allowing you the time to recover from major illness or injury and ensuring you have the necessary funds to meet the often large medical expenses. It may also provide you the luxury of being able to afford specialist medical treatment which may otherwise have not been affordable eg. overseas treatment, expensive cancer medication. Trauma Insurance takes away a major cause of stress by allowing you and your loved ones to worry about what's important - your recovery.
How much Trauma Insurance do I need?
The main aim of Trauma Insurance is to meet your expenses during treatment and recovery from a serious illness or injury . These costs are difficult to ascertain given the broad range of conditions and events covered, and the varying cost of treatment for each. Generally, it is desirable to ensure you:-
- meet the costs associated with medical care and rehabilitation
- provide capital to meet your family's living expenses
- repay debt
We are able to assist you in determining the level of cover you require.
