What is Trauma Insurance?
Trauma insurance which is also known as critical illness cover or Progressive Care provides a lump sum payment. This payment will cover you if you are diagnosed with a specified critical illness or injury. Nobody wishes to think about being diagnosed with a critical disease as it brings with it severe implications, related to costs of health treatments, medical procedures and the loss of income. However, thinking about these things in advance and making sure you are prepared allows you to be covered just in case something terrible happens.
Why Trauma Insurance?
Trauma insurance pays you a lump sum if you suffer a predetermined health condition and survive 14 days. Most of the claims are for cancer, heart attack and stroke. Trauma covers a broad range of events, such as major burns, major head injury, meningitis, and more.
The diagnosis of a trauma or critical illness event can be earth shattering in some circumstances. The burden is greater when financial security is also at risk. Trauma insurance can take this pressure off, so you can spend your time focusing on recovering with your loved ones and not worry about your finances.
Trauma Insurance might suit you if…
- You want to stay on track financially if you unexpectedly get ill or injured or undergo a medical procedure
- The freedom to use that financial support to cover the costs of what’s really important to you and your family
- Want the flexibility to tailor insurance to your own needs.
What is Total Permanent Disability Insurance? (TPD)
TPD Insurance can provide you with financial peace of mind that your lifestyle and family’s future will be protected if you become permanently disabled and are unable to work as a result of an accident or illness.
TPD insurance pays a lump sum if you become totally and permanently disabled because of illness or injury. Each insurer has a different definition of what it means to be totally and permanently disabled. It can cover you if you’re unable to work again in the job you were working in before your disability or you’re unable to ever work again in any job suited to your education, training or experience.
The payment can be used for any purpose such as living expenses. Total Permanent Disability cover can be useful for eliminating or reducing debt so that you can maintain your lifestyle.
Contact us today to discuss Trauma and TPD insurance options!