Trauma Insurance (Critical Illness Cover)
Trauma insurance also referred to as living assurance pays a lump sum, if you suffer from a specified critical illness condition. Most policies in the market place now cover about 40 critical conditions. Did you know, that 2 out of 5 males, and 1 out of 4 females between the ages of 30 and 64 suffer a critical illness? (source General Cologne Life Re 2002).
Q. Why is trauma insurance just as important as life insurance?
A. It is a lump sum of up to $2,000,000 paid in the event of critical illness
Examples: Aorta Surgery, Alzheimer’s, Benign Brain Tumour, Blindness, Chronic Liver Failure, Chronic Lung Disease, Coma, Coronary Artery Bypass Surgery, Critical Cancer, Heart Attack, Heart Valve Surgery, HIV, Kidney Failure, Major burns, Major Organ Transplant, Major Head Trauma, Multiple Sclerosis, Muscular Dystrophy, Parkinson’s Disease, Paralysis, Stroke, etc.
People are now living longer due to advanced medical treatments, and are increasingly surviving these types of illnesses and conditions.
While dying prematurely is still the main risk, the greater risk to a family’s financial security is being incapacitated, unable to work with unexpected hefty medical bills.
Surviving a critical condition can leave people, and the families who depend on them, financially crippled.
One of the distinctive features of trauma insurance is that it pays out on diagnosis rather than the outcome. It offers a solution to cover the financial consequences of an event occurring.
We can also provide free cover for your children up to $50,000 each – see our Kids Cover page.