Trauma Insurance pays a lump sum if you are diagnosed with a critical illness, as specified in your policy, such as cancer, heart attack or stroke.
One in three Australians will suffer from cancer before the age of 75. Whilst our access to medical treatment is relatively easy and the search for cures are improving every day, a critical illness will still take a huge toll on yourself and your family. Not all medical costs are subsidised and these can be quite costly. In addition to these expenses, you’ll have to take time out of work to recover and your spouse may also need to take time off to care for you. Trauma insurance will provide funds to help with these costs so that you can focus on your recovery.
Most insurance providers offer various levels of cover, whether you want a standard policy to cover the basics or a premium policy which covers a greater range of conditions, so there’s an option to suit you and your budget.
It is important to discuss your insurance needs with a Financial Adviser. We can tailor a plan based on your unique and individual circumstances. Please feel free to contact us at Next Level Wealth. We are more than happy to assist you.