Trauma cover provides you with a lump sum payment if you're diagnosed with a specified medical condition, serious injury or undergo a medical procedure. Trauma cover usually helps with certain kinds of heart attacks, major organ transplants, cancers or strokes, just to name a few.
Trauma insurance provides a lump sum payment to help you financially while you are treated and recover from a serious illness and will pay you an agreed sum on the diagnosis or occurrence of specific health crises.
This lump sum of money is usually made up of the following:
- A lump sum to pay out any debts including home mortgage, car loans, personal loans etc.
- A lump sum of money you can invest to generate a long term income to help meet your day to day living expenses
- Funds to cover any medical and rehabilitation costs including home modifications if required
The professionals at Forum Financial Services can assist you in calculating how your Trauma insurance should be structured to meet your needs.
