Trauma insurance provides a lump sum benefit if you suffer a specific illness or injury which as per the insurers policy wording, such events may include heart attack, cancer or stroke. It is often referred to as critical illness or living cover.
How is Trauma Insurance paid?
Trauma cover is paid as a lump sum benefit on the diagnosis or occurrence of one of a list of specific injuries and illnesses.
What could the proceeds of a Trauma insurance policy be used for?
• Pay for medical costs and treatments;
• Provide funds for changes in lifestyle including shorter working hours;
• Provide for necessary professional care at home;
• Debt reduction.