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If you suffer what is known as a medical trauma, life insurance won't help as you are still alive. Suppose you become seriously ill but you are able to return to work after six months. Will you be as productive as before or able to work as hard?
Other insurance policies like income protection and TPD may not be suitable either, since payouts depend on the effect of the event after it has already taken place. This does not help with immediate and necessary expenses like living costs and medical treatment. What is needed is a cover like trauma insurance which pays out on the actual occurrence of the incident.
Trauma Insurance is essentially to:
- Pay for immediate and ongoing medical attention
- Cover the cost of modifications to the home and car
- Avoid financial stress in recoveryn (debts, etc)
In the next 12 months it is estimated in Australia :
- 30,000 people will suffer a heart attack
- 55,500 people will develop cancer
- 25,000 will suffer a stroke
Having a trauma policy in place allows people to plan for expenses and gives them every opportunity to recover from their trauma, both physically and financially.
Book your Free Consultation online today using our simple online Enquiry Form, for more information on Trauma Insurance, or any of our financial services.
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