Trauma insurance also goes by the name of Critical Illness Insurance. It pays you a lump sum payment if you have been diagnosed with a critical illness, such as heart disease, cancer, or stroke. Although the definition and inclusion of critical illness may vary from provider to provider, their purpose remains the same – it is designed to give you money when you need it the most.
Although no one wants the idea of being ill, sickness has a way of sneaking up and catching you unawares. Therefore, Trauma Insurance should never be an option. It can be helpful to you and your family in more ways than one.
- Helps you cover medical expenses which you cannot otherwise afford
- Helps you pay for medical equipment and rehabilitation costs
- Pays off day-to-day bills which could be a cause of additional financial stress to your family
- Allows your spouse to stop working should he or she need to stop to take care of you