Trauma Insurance provides a financial benefit if you are diagnosed with a serious or terminal illness or injury. The lump sum pay-out can be used for treatment and rehabilitation and to cover living expenses.
Trauma Insurance benefits are paid a lump sum upon diagnosis of the serious medical conditions and funds may be used to pay medical and other expenses, including mortgage payment and relieve the pressure of financial commitments while you are ill.
Serious illness can be very emotionally difficult for families and Trauma Insurance relieves financial stress.
Illnesses covered by Trauma Insurance can include:
- Major organ transplants
- Severe burns
- Chronic Lung disease
- Heart Surgery
- Cardiac Arrest
- Parkinson’s Disease
- Major Head Trauma
- Loss of limbs
- Brain tumours
- And other terminal illnesses.
Similar to TPD, your adviser will provide Trauma insurance options and explain the important policy inclusions and well as exclusions.