Trauma cover pays out a lump sum in the event you’re diagnosed with of one of over 40 medical events, conditions and surgical procedures.
You’ll have the financial freedom to pay for whatever you and your family need to get you through a challenging time. Typical claims are for diagnosis of cancer, heart attack and stroke. Having trauma cover in place can make a huge difference to your financial security and overall recovery. Most people use the proceeds of a trauma claim to:
Ross had a home mortgage and owned a small automotive business. After advice and discussions with Daniel, he took out life cover, trauma cover and income protection.
About a year later, Ross suffered a heart attack. Thankfully he recovered, but was off work for eight weeks. His income protection policy had an eight week stand down so, while it was ready to start paying Ross, he did not receive any money from it. However his trauma policy paid out based on the diagnosis of the heart attack. The $50,000 that Ross received enabled him to cover both his home and business expenses, so he wasn't driven to return to work before he was fully recovered. Instead of potentially losing his staff, his business and his house, trauma cover gave Ross the funds to keep everything going. A health setback that could have had far worse consequences was mitigated with funds.