Trauma Cover Insurance | Critical illness Cover

Trauma Cover Insurance refers to a list of serious illnesses, for instance cancer, a stroke, or a heart attack, and you ensure yourself against it by taking out trauma cover. Should you then be diagnosed with any of these illnesses, the assurer will pay out an agreed amount.

Why trauma Cover?
Discovering that you have a terminal illness can have a devastating impact on your dependants and finances. The duration of some illnesses can not be predicted and for as long as we want to keep ourselves alive, whether it’s in Hospital or at home we will need money to provide us with the care taking. Most illness benefits can be claimed on permanent diagnoses and some can only be claimed partially.

Modern day Terminal illness policy’s have between 20 and 65 different illnesses listed from which different amounts on particular illnesses can be claimed.

How much is enough Trauma cover?
As modern day medical technology improves we could live up to the ages of 90 years. The claim statistics have already shown that more people become disabled because of a disease and then live longer with that decease, making it impossible to support their life span with only pension savings.

This can cripple your finances as well as your dependant’s life style.

Based on family history and current health condition, it is important to have enough illness cover while you can still afford it.

Drawing an application will determine what the premium amount for your cover will be. There is always a possibility that you can become uninsurable against future traumatic events, buying future illness cover will be an option that must be considered.

Affordable Trauma cover:
The affordability of the Illness cover will depend on what you would like mostly to be insured and how much cover you need, what the waiting period on the claim will be and for how long you want the cover for. If we buy illness cover it is best to select the whole life option. While you are young it is reasonably affordable but as you get closer to you 40’s and 50” it could cost you a substantial amount of money and by then you might just be un insurable.