“I need help with trauma insurance”
If you were to suffer from a serious medical incident or were diagnosed with an illness that put you out of work for a while, what would you do? How would you pay for your treatment, let alone your other day-to-day expenses?
You may already have income protection insurance, but even then, covering the cost of living expenses and treatment is no easy feat. Here’s our advice on why trauma insurance is a must-have addition to income protection insurance, and why you should act now.
Understand the value
Trauma Insurance essentially means that you will receive an upfront, lump sum payment to spend however you’d like. This fast access to finance can be a godsend, especially when unstoppable common diseases and medical incidents occur.
Did you know that according to the Cancer Council, if someone is diagnosed with cancer, you can accumulate an average of $47,200 in financial costs and that women with secondary breast cancer can accumulate costs up to $25,000?
Trauma insurance is more than worth it because it means that you can focus on recovery instead of stressing over things such as bills and debt!
Stop putting it off
If it’s something you’ve already considered, now is the time to stop putting it off. Do it for peace of mind. Having trauma cover can help you cover the ongoing cost of therapy, adjustments to housing and lifestyle changes, private medical costs above your health insurance, debt repayments and so much more.
Trauma insurance, depending on the policy and insurer can cover upwards of 50 different conditions including accidents, heart disease and cancer. You never know if, or when you might need the insurance – but it’s definitely better to be safe than sorry.
Talk to an expert
If you’ve been avoiding the all-important insurance talk, but know that you need to get it sorted, talk to an expert. An expert can independently advise you on the right policies for you, help you out with the paperwork and even submit claims when need be.
At Rising Tide, your finances are important. We’re here to help you put together an effective financial plan to support you on your way to achieving success.