Trauma Insurance – Funding Your Recovery & Protecting Your Family

Have you ever stopped to wonder how likely it is that you might experience a major medical “trauma”?

According to the ABS, cardiovascular disease and stroke are the two biggest killers in Australia. The Australian Cancer Council also suggests that one in two men and one in three women will be diagnosed with cancer by the age of 85.

With these statistics in mind, it’s no wonder that trauma insurance is one of the most-claimed forms of life insurance in Australia. But what is trauma insurance, and do you need it?

Trauma insurance or “trauma cover” insures you against the risk of major life-threatening or life-altering traumas such as cancer, heart attack, stroke, motor neuron disease, multiple sclerosis, dementia, and other “big” health conditions.

Trauma insurance policies pay you a lump sum if you experience a medical trauma you’re insured for. This money may cover medical and recovery expenses, or even give your family an income stream if you’re unable to work during that time.

Keeping the statistics above in mind, it’s clear that the chances you’ll experience a medical trauma may be fairly high. As we said, trauma cover is one of the most-claimed forms of life insurance.

So, do you need it?

If you could afford to pay for treatment and rehabilitation for a major medical trauma, and meet your family’s day-to-day expenses if you were off work, then the answer is “no”. But if not, then you need to consider trauma insurance.

Your trauma cover policy can be structured to cover the costs of medical treatment and rehabilitation. It can also be designed to provide additional money to help pay off your mortgage, fund your children’s education, or even finance a final family holiday.

The level of trauma cover you need depends on your circumstances, and what you can afford. Our Brisbane financial planner knows the right questions to ask in order to choose and structure the best trauma insurance policy for you. (You can read testimonials from other people we’ve helped here.)

Trauma insurance covers events that you’re statistically at risk of experiencing. That means that the time to consider trauma cover isn’t tomorrow. It’s today.

If you’d like to identify the best trauma insurance policy for you, K2 Wealth can help. Call us today on (07) 3368 2002 or send us a message to arrange a meeting at our Brisbane office or in your home.

We look forward to helping you protect you and your family against the financial fallout of a medical trauma.