subject: Trauma Insurance - Securing Future Against Dreaded Diseases [print this page] Life expectancy of Australians has increased considerably, yet a number of people suffer from a major disease at some stage of their lives. A plethora of people face consistent financial problems while grappling with severe medical conditions.
It's always advisable to protect yourself with Trauma Insurance as most life insurance policies only cover death or total and permanent disability.
Trauma Insurance protects individuals against risks that are not covered under TPD Policies. In the event of a major adverse medical event such as cancer, heart attack, stroke the insurance provider will pay the client the sum insured which can go towards the cost of the medical treatment.
Designed to assist you financially, Trauma Insurance proves to be a reliable financial back-up plan for your lifestyle. Trauma Insurance pays you a lump sum in the event of you suffering one of the listed severe medical conditions. Trauma insurance has a number of different names that include Crisis Protection, Living Insurance, Medical Catastrophe, Recovery Benefits or Critical Illness.
Trauma Insurance products originated in South Africa in 1983 and were introduced to the Australian market in 1987. They filled a gap for people who were unable to claim TPD benefits but who incurred high medical expenses as a result of a medical ailment.
These conditions centered on the four major cause of death namely Cancer, Heart Attack (Myocardial Infarction), Stroke and Undergoing coronary artery surgery. As new companies entered the market, innovations quickly occurred.
Today, In Australia, largely Stroke, Cancer and heart ailments cause most of the Trauma Insurance claims.
Trauma Insurance gives you a sense of security that your future has been taken care of. To know more about Trauma Insurance and what diseases it covers, Visit www.insurancekings.com.au and select your desired Trauma Insurance to cover your life.
by: David Morgan.
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