The Importance of Trauma Insurance

Critical illness or injury is one of the things that most people do not even want to think of, much less plan for. But when it comes to trauma insurance and putting in place the provisions for the day it may be needed, it is important to view it not as spending money on something that you hope you will never use, but rather as putting value on the life you currently have. 

Critical illness is not something that can be prevented, but you can prevent the severity of the impact it has on your lifestyle and finances. Critical illness and injury cover is there to offer you peace of mind when your life is turned upside down and to ensure that your lifestyle is affected as little as possible in the face of the unforeseen. 

The greatest impact beyond the physiological is often that of financial hardship. But with sufficient trauma insurance you will be provided the necessary financial support to cover the expenses you may face. Your recovery process may include various costly challenges such as medical treatments, rehabilitation costs, and renovations to your home to ensure your health and safety. The impact of these costs should not have to fall on the funds that are needed to support you through a time that is already difficult. 

With Critical Illness Benefits, a once-off lump sum payment is made when you suffer from one of the listed medical conditions, allowing you to invest the funds where you need it most. Depending on the diagnosis and your benefit option, you can receive a sum of up to R6 million, tax free, to assist you when it is most needed. 

And just as the illness or injury’s effect on you will be unique, affecting your life in ways that others’ lives may not be affected, so too your cover should be unique. With the assistance of various companies, Tokkie Ferreira’s skilled brokers will advise you of the best options available, helping you find the cover that best suits your needs and financial situation. But the benefit option and cover amount you choose will ultimately be your choice. Thanks to your annual benefit increase and Medical Advancement Protection, you are also ensured of the fact that your cover will adjust with the economy and in the event of medical classifications and procedures becoming outdated. 

You will be able to rest assured in the knowledge that you are covered for listed medical conditions, across 4 main categories: Cancer, Heart Attack, Arteries, and Strokes. Multiple claims can also be made when the medical conditions are unrelated or if the condition has worsened. Critical illness or injury claims will also not affect your other daily claims and are dealt with on separate terms.  

It is true that no one can control the future, but Tokkie Ferreira can help you plan for it. 

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)