Trauma Insurance can help you cope financially with the effects of Traumatic Event brought on in your life. Traumatic events can either be hereditary, natural or unnatural.
Trauma events include conditions like cancer, heart attack, stroke, multiple sclerosis, terminal Illness, major head trauma, deafness, blindness, coronary bypass surgery and angioplasty.
It can be taken as a stand-alone product, or in conjunction with Life Insurance or Total and Permanent Disablement cover. This type of cover is commonly call multi cover. Its offers discounts, however the cover can generally be offset by the amount the person is insured for. Please seek advice in this area.
Trauma Insurance pays a lump sum, which you can use to:
- Pay for expensive recovery costs, including rehabilitation.
- Pay for changes to your lifestyle, for example, refit your home with specific modifications to accommodate your condition.
- Enable your partner to reduce their working hours to look after you or, alternatively, to get a carer.
- Pay off your mortgage.
- Cover the cost of extra childcare or housekeeping.
Other types of Trauma Insurance Cover can be taken out on the Children against specific conditions and is a good tuck in to the adult or parents policy. Policies can be structured so the cover amount, once triggered and potentially claimed on, be reinstated. This is commonly known as Double Trauma or trauma reinstatement. At Wyse Wealth we structure these types of additional benefits.
Having a specialist insurance adviser, we will research all the providers in the market and get you the most favorable terms, features and benefits for your medical circumstances
Financial Advice Benefit on a Trauma Insurance Claim
When Life Insurance companies pay a life insurance claim, they will reimburse up to a few thousand dollars for the preparation of a financial plan. A handful of Life companies only provide the Financial Advice Benefit, and is another market initiative that we structure your Trauma Insurance.
Trauma Insurance is like the winning lottery ticket, pays when you need it most. To not have the cover is like playing Russian roulette. For your peace of mind, we are more than happy to educate you on the best structure for your individual needs.
Call today on 1300 850 902 and talk with a friendly Trauma Insurance Expert for the best and most up to date method for setting up your Trauma Insurance!