Trauma Insurance
If you have Trauma Insurance (also known as Critical Illness Cover or Living Insurance) it usually pays some of the life insurance amount, if you are diagnosed with a critical illness, such as heart attack, cancer or stroke. It can also be provided as a benefit by itself.
Medical science is so advanced now, you are likely to survive one of these events but the impact of suffering a critical condition can be significant.
- You are likely to be of work for a time and not be able to earn an income.
- Your medical expenses are sure to increase.
- You could well require home help or nursing care.
… and all the while, your normal living expenses carry on … like paying the rent or mortgage, putting food on the table and paying the power and phone bill.
Receiving a lump-sum can be a financial lifesaver and is often used to:
- repay debt
- fund medical expenses
- pay for alterations to the family home
- holiday
To find out more Contact us or book an appointment with Richard.