Also known as critical care and living assurance.
A heart attack or serious disease such as cancer is very traumatic events and you don’t need the burden of financial hardship on top of your recovery.
Trauma insurance pays a lump sum that will help you through this time and help with recovery because it takes the financial worry away.
“I had met with a client and his wife a number of years ago and set up a Personal Insurance Plan. Budget dictated that they would like to implement some life and trauma cover.
A few years later, I had a call from the client to say that he had been diagnosed with prostate cancer. I went to see them and helped fill out a claim form and took over the claims process, so they did not have to worry. The trauma claim was paid quickly, as the client needed it to help to pay for medical bills and get treatment as soon as he could.”