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Do you have adequate savings put aside to pay for any additional out-of-pocket medical expenses or rehabilitation, let alone your day-to-day living expenses?
If you're the major breadwinner or the primary care giver in your family, there is a way you can protect your family's financial security if you or your spouse become seriously ill - trauma insurance.
Trauma insurance offers financial peace of mind in the event of serious illness. Although trauma insurance has been available for almost 10 years, it has become increasingly popular in recent times. This is due to various reasons, such as the escalating costs associated with quality health care and the fact that medical advancements mean more people are surviving serious illness.
A trauma payment is likely to be paid should you suffer any of the covered conditions. This could include, but is not limited to: heart attack, stroke, cancer, paraplegia, multiple sclerosis, Parkinson's disease, chronic liver, lung and kidney disease and many more.
The lump sum could be used to cover debt reduction/elimination and to cover costs related to making lifestyle adjustments, necessary home and/or car modifications, medical treatment costs, work alterations and peace of mind etc.
For more information or to get a quote call Greg and the Lifestyle Money team on 02 9957 1962.
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