Trauma Cover is a product that is suitable for most people. It pays out a lump sum if you suffer from one of the defined medical conditions listed in the policy wordings. These are serious medical conditions such as cancer, strokes, and heart attacks.
The lump-sum payout can be used for any purpose such as:
- Paying for living costs whilst you are sick and unable to work
- Paying for non-Pharmac medicines (ie. medicines not funded by the government). Thre are many cancer medicines that fit this category, and they can be very costly.
- Reducing your mortgage
If you are single how would you cope if you were unable to work for a period?
Often when you are sick with these serious conditions not only are you unable to work for a period, but your partner’s work is also disrupted (taking you to doctor’s appointments) and sometimes there can be additional childcare costs. Would you have enough to get by on through this disruption?