What is trauma cover?
Trauma cover is designed to help people who suffer one of the most common types of illnesses. It pays a lump sum or a regular income when you are diagnosed with specified illnesses or injuries, making it easier for you and those closest to you, to cope financially. A lump sum payment could allow you to pay off your mortgage and debts or, if you’re in business, ensure your business can continue to run smoothly.
Around 42 of the most common illnesses are covered, some examples are: heart attacks, certain types of cancer, HIV, stroke, paralysis, major burns.
Who needs trauma cover?
Trauma cover is ideal for people who want to repay debt and provide for dependents if they are diagnosed with one of the most common illnesses. The lump sum payment and regular income options allow for financial demands to be taken care of and the focus to be on recovery and treatment.
How much trauma cover is right?
The amount of cover that is right for you comes down to your circumstances. Our specialists can help you work out the right level of cover by working through a needs analysis process with you. At the end of this process the answer will be clear.