Trauma Insurance
What does trauma insurance cover?
Trauma insurance provides a lump sum payment if you suffer a serious, debilitating medical condition (specified in the policy) such as heart attack, cancer, and stroke.
Generally, you will receive the trauma benefit providing you survive for a set period after incurring the condition.
Receiving a lump sum helps people cope with a traumatic situation and deal with issues such as:
- Change of employment
- Extended vacation
- Mortgage and other debts
- Home modifications
- Specialist medical attention.
The cost of this insurance will vary depending on the range of conditions covered and how each serious condition is defined in the policy.
TIO Financial Planning can help.
If you want to know more about protecting your lifestyle through Trauma Insurance and whether it is suitable for your circumstances Contact TIO Financial Planning.
Territory Insurance Office is an Authorised Representative of Financial Wisdom Limited
ABN 70 006 646 108 AFSL No. 231138
* It is important to understand that this information is of a general nature only. It has not been prepared taking into account your particular investment objectives, financial situation or particular needs. You should seek our advice or the advice of another financial adviser before making any decision on the basis of this information.