If you suffer what is known as a medical trauma, life insurance won't help as you are still alive. Suppose you become seriously ill but you are able to return to work after six months. Will you be as productive as before or able to work as hard?

Other insurance policies like income protection and TPD may not be suitable either, since payouts depend on the effect of the event after it has already taken place. This does not help with immediate and necessary expenses like living costs and medical treatment.

Trauma Insurance provides you with a lump sum payment that allows you to make some choices about the way in which you recover – for example whether or not you return to work immediately, or take some extra time off from the work force.

The function of trauma insurance is to:

• Pay for medical attention
• Cover the cost of modifications to the home
• Avoid financial stress in recuperation (debts, etc)

In the next 12 months it is estimated in Australia :

• 30,000 people will suffer a heart attack
• 55,500 people will develop cancer
• 25,000 will suffer a stroke

Having a trauma policy in place allows people to plan for expenses and gives them every opportunity to recover from their trauma, both physically and financially. 

To discuss your trauma insurance options and find out how our Choice Future Planning Authorised Representative can help you, phone our office on 1300 650 810, or fill in our simple enquiry form and we will be in contact with you very soon.

More information about Choice Future Planning can be found by going to www.choicefutureplanning.com.au or by clicking on this link.

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