Trauma Insurance

This insurance pays a tax-free lump sum in the event you suffer a specified trauma as specified in the policy, such as Cancer Heart Attack or Stroke. There are normally around 40 different conditions in most policies and the cover is designed to help with the financial pressure of suffering a major traumatic illness. These funds can be utilised in any way and normally used to assist with the cost of treatment, payment of mortgages, financing a break from work or just for personal use such as holidays etc.

As a minimum we like to see the sum insured the equivalent of one years income, however ideally you should have enough to clear all debt. This cover is very important as the number of these types of illnesses, especially cancer is increasing dramatically