If someone suffers a medical trauma, life insurance won’t assist as the person is still alive. In these situations policies like income protection and TPD Insurance may not be suitable since pay-out depends on the effect of the event after its occurrence.

What is needed is a cover like trauma insurance (or critical illness) which pays out on the actual occurrence of the incident.

Trauma insurance pays a cash lump sum payment in the event of contracting a specified disease or trauma, including (but not limited to) things like cancer, heart attack, stroke etc.

Trauma insurance would give you that lump sum payment to ease the financial pressures of not working and could be used to cover things such as:

• To pay for a specialist or possibly receive international medical attention
• The cost of modifications made to the home
• Financial obligations whilst recovering (such as living expenses and debts)

For more information, or to find out how you can obtain this type of cover, please contact our Wealth Protection Specialist on 08 8132 9288.