Trauma Insurance
What is Trauma Insurance?
This type of insurance provides a lump sum payment in the event of you being diagnosed with one of a specified range of critical illnesses or injuries. The list of conditions covered is often optional and varies between companies as do the definitions of those conditions. Some trauma benefits are subject to a ninety day qualifying period. The benefit can be provided as either an advance payment of a death benefit or on a stand-alone basis. Payments are only ever made in accordance with the Insurers policy terms and conditions.
Why do you need Trauma Insurance?
- Additional expenses are incurred when you have a major illness.
- You may need time to recuperate without financial stress.
- You may need to significantly restructure your lifestyle.
- You may need to terminate debt.
- You may need emergency funds for overseas travel; the repair operation required may only be available overseas.
If you would like to find out more about trauma insurance you can contact us here.