What is Critical Illness Cover & do you need it?
Trauma policies pay a lump sum payment in the event you are diagnosed with a specified medical trauma, giving you timely access to funds when you need it most.
Trauma or critical illness cover can provide you with a payment upon diagnosis of cancer, heart disease, heart attack or stroke etc, allowing you to access the best medical treatment, help pay for mortgage payments, manage debts and pay for rehabilitation expenses or maybe take a holiday so you can focus on your recovery and your family.
Trauma cover often pays out when other insurance policies won’t. For example, if you are diagnosed with cancer and require chemotherapy, you may be unable to return to work for a few years. In this instance, you would not be able to access your life insurance or total and permanent disability (TPD) cover, but you could be paid out a lump sum from trauma insurance.
As Sequoia Asset Management acts as a broker, we are able to provide unbiased general advice, and find you the best cover, regardless of the insurer.