It’s bad enough facing a life-threatening illness without the added stress of finding the cash to pay for a seemingly endless list of treatment options.

In Australia an estimated 115,000 people each year are diagnosed with some form of cancer. If you add on the number of people who suffer other critical illnesses such as stroke, heart attack or liver disease – to name just a few – the number of patients is huge.

And far too many of them will be worrying about how they’re going to pay their normal living expenses, like mortgages, car loans while they recover – worry that would be better concentrated on the more important task of recovering.

You can get insurance against this circumstance – it’s called trauma insurance, one of those “what if” things that prove to be a godsend. It pays a cash lump sum on diagnosis of a life-threatening or life-altering condition.

As you sit in a hospital bed recovering or trying to fight cancer and an endless barrage of treatments, worrying how to pay the household bills or the mortgage is the last thing anyone needs.

Trauma cover is becoming increasingly popular as more people find themselves faced with just this situation. It gives them the security they need to be able to face up to a chronic illness.

Cover is available for a wide variety of ailments besides cancer. The raft of illnesses trauma insurance covers you for includes Alzheimer’s disease, anaemia, blindness, coma, stroke, heart attack, loss of speech and lung disease.

This type of protection is almost an essential item in any household these days, as no one really knows what’s around the corner.

Once a diagnosis is confirmed the benefit is paid – not if the policyholder dies, but straight away, when the family needs money to pay for medical bills, their mortgage or ordinary household expenses.

We have personal experience of just how vital trauma cover can be, when one of our own managers was diagnosed with a life-threatening cancer. He says he was able to concentrate on recovering without worrying about additional financial pressures – thanks to trauma insurance.

If you’re wondering how you’d look after your financial affairs in the event that you are struck by a serious illness that will force you to stop working for a while, talk to us at Scott & Broad|Clark Pacific. We know how valuable trauma insurance can be.

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