TRAUMA INSURANCE

If you're diagnosed with a critical illness or crisis, trauma insurance can relieve your financial difficulties. Unlike income protection insurance,

which is dependent on your inability to work, trauma cover is paid out on the diagnosis of a defined critical illness regardless of your working status.

Instead of receiving a monthly income stream, you are paid a lump sum that has no restrictions on what this can be used for. The insurance company makes no demands on how you spend the money. Trauma insurance is often an addition to life policies.

How Trauma insurance came about:

Over 25 years ago, a doctor in South Africa felt that many of his patients were being forced to return to the stress of work very soon after common traumas such as heart attack, cancer etc.

Often it was their lifestyle and work situation that contributed to their illness but they could not afford to take time off or make adjustments to their life. They were 'fit' enough to return to work so income protection was no good to them and they were not dead, so life insurance was no good to them either.

So the doctor approached some life insurance companies to assist people financially in the event of a major trauma. So Trauma Insurance was born. It provides a lump sum payment to you (tax free) in the event of a major trauma, for you to either pay for treatment or choose to make some changes in your life.

This is important for two reasons - if you have just suffered a critical illness of some description, what treatment you choose and how quickly you can get treatment will depend on your financial situation. Without funds, you are restricted in options and this can also cause extra stress. Secondly, people who suffer these types of serious illness often want (and need) to re-evaluate their lifestyle, perhaps take time to travel overseas, visit family etc. Trauma insurance provides the funds to enable this to occur.

Example of critical illness events covered:

Heart Attack, By-pass Surgery, Stroke, Cancer, Open Heart Surgery, MS, Benign Brain Tumor, Coronary Artery Bypass Grafting, Heart Value Surgery, Aorta Surgery, Cardiomyopathy, Cardiac Keyhole Surgery, Hemiplegia, Diplegia, Paraplegia, Quadriplegia, Major Head Trauma, Coma, Dementia & Alzheimer's Disease, Parkinson's, Motor Neuron Disease, Muscular Dystrophy, Major Organ Transplant, Chronic Kidney Disease, Chronic Lung Disease, Blindness, Deafness, Loss of speech, Severe Burns, Aplastic Anaemia, Occupational or Medical Acquired HIV.....and more.