Financial help when you need it most
Trauma insurance provides a lump sum payment to help you financially while you take time out to recover from a serious illness. It is designed to pay out on diagnosis (or occurrence) of one of a list of specified serious medical conditions and procedures. Each insurance company maintains their own list, but they generally include serious medical conditions such as cancer, heart attack or stroke.
How much is enough?
How much trauma insurance you’ll need depends largely on your personal situation, but many people choose an amount that will help with debt reduction, medical expenses and ongoing household costs.
The right amount of cover means that in the event of serious illness or injury you’ll have funds available to:
- Reduce or eliminate mortgage and other debt
- Make home modifications or pay for rehabilitation
- Pay for medical and treatment costs
- Meet ongoing household expenses
- Fund a lifestyle change.
To discuss the level of trauma insurance that’s right for your situation, make an appointment with a Our Financial Advisers today.
Trauma insurance from Lifestyle Loans
Our Financial Advisers can work with you to determine an appropriate level of cover for your needs. And because we undertake an assessment of your current situation and medical history, the insurance you’ll receive is likely to be more relevant and cost-effective.
To discuss your own insurance needs, please make a no-obligation appointment with our Financial Advisers today.