Understanding Trauma Insurance
Trauma insurance can take care of you and your family if you have a traumatic illness or procedure that makes you unable to work for an extended period of time. We have helped many Perth residents protect themselves from the financial consequences of conditions or procedures such as a stroke, a heart attack, cancer or even a major organ transplant.
Unlike income protection insurance or total and permanent disability (TPD) cover, trauma insurance pays you upon being diagnosed. The time that you are unable to work is irrelevant. Many of our clients in the Perth area have found trauma insurance to be the missing piece that completes their wealth protection program.
How Trauma Insurance Works
Trauma insurance pays you a lump sum if you are diagnosed with any medical condition specifically covered or have a medical procedure that is specifically covered. It is a standalone policy that pays you regardless of your ability to work. It is often used for medical and living expenses that are over and above those covered by TPD or income protection.