My favourite type of insurance, Trauma Cover.
Trauma Cover is a lump sum insurance, that pays you out in the event of you being diagnosed with one of about 40 or 50 horrible medical conditions.
The most commonly claimed events are cancer, heart attack or stroke, however think things like multiple sclerosis, third degree burns, parkinsons disease – all sorts of other yucky things are covered.
You select the amount of cover you would like when you apply and if you ever get sick, and your condition is covered in the policy, you’ll be paid the money.
You get sick, you get paid
The reason I love this insurance so much is because statistically there is a very high possibility for anyone that they will suffer a serious illness like this in their lifetime, but… with medical advances these days, survival rates are only increasing. What that means is, you get sick, you get paid, and hopefully you survive.
Think how much better it would be for your health, if you didn’t have a single money worry during your recovery. We all know that financial strain is very stressful and we all know how damaging stress can be to our health, so removing that whole thing from the equation sounds like a good plan to me.
Trauma Cover gives you the chance to rest and focus on your treatment and recovery, without having to worry about your mortgage or other living expenses that will still be there.
8-week Money Makeover Program
My 8-week Money Makeover Program takes you step by step through the process of working out exactly how much trauma cover you need and helping you get that cover in place.