Trauma insurance
| Trauma policies can cover over 50 different conditions** |
| 97% of all claims on Trauma policies arise from: |
|
• Cancer
• Heart Attack • Stroke • Coronary Bypass Surgery |
| Some of the other major conditions that are covered are: |
|
• Chronic kidney failure
• Coma • Dementia • Intracranial benign tumour • Major organ transplant • Motor neurone disease • Multiple sclerosis • Paralysis • Parkinson’s disease • Severe burns • Terminal illness • Serious Accidental injury • Single loss of eye or limb • Insulin Dependent Diabetes |
| **Actual conditions covered will be set out in any PDS issued to you |
The problem with modern medicine is that it’s too good. Illnesses or injuries that in previous decades would have resulted in death now have very high survival rates. However, suffering them is still traumatic – physically, emotionally and financially and recovery may only be partial.
While it’s good news these patients do survive, can they survive the potential financial strain of surviving?
Trauma Insurance is designed to pay a lump sum on diagnosis of one of the specified Trauma Conditions, to meet the financial needs of recovery from critical illness or injury.
If you suffer a major illness or injury, there are four stages during which your current savings and future financial plans could be impacted due to costly medical solutions and loss of income.
- When your condition is diagnosed.
- While your condition is being treated.
- While you are recovering from the condition.
- After recovery, any lifestyle changes needed as a result of the condition.
During the treatment and recovery phases, you’ll probably not be working or you’ll be working in a reduced capacity. Income Protection and/or health insurance cannot cover the full medical costs or replace 100% of your income – so there’s always a gap – but the bills keep coming in.
Then after recovery there may be some residual impairment requiring you to reduce your work commitments, modify your house, change your motor vehicle, pay for carers or housekeepers and buy special medical appliances – wheel chairs, frames, lifts and so on.
Even if recovery is complete, a special holiday could be just what you and your family need to put you back on your feet.
Having trauma Insurance can mean that your bills and the mortgage will be paid, your family’s lifestyle maintained, and the cost of treatment, long-term care and home renovations can easily be met. That leaves you free to concentrate on your recovery.
To review your Trauma Insurance requirements, Contact Us for a no obligation review of your situation.
