Life Insurance will benefit your loved ones if you were to pass away, but Trauma Insurance will pay a lump sum if the insured should suffer a serious life threatening illness or accident.
Knowing that you have trauma insurance will ease the financial burden of debts, and provide a good education for your children, thus making your recovery a lot easier.
The only requirement to receive payout of Trauma Insurance is to show that you have suffered a traumatic event that is included in the policy.
Each trauma cover policy is different so you need to be aware of what you are getting. You will need to check each one carefully before deciding which one is most suited to your needs.
Even if you have Trauma Cover it is advisable that either you or your spouse should have Income Protection Insurance.
In the event of your being unable to work due to illness or injury and should your income have ceased, you will then be able to claim on your Income Protection cover.
Please give us a call on 1300 793 143 and allow our advisers to help you find the right income protection or trauma insurance policy that best suits your needs.
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