We've all seen the financial woes suffered globally over the past few years and it has taught us a number of lessons. Two of the main ones are to minimise your debt and protect your assets. Whether you like it or not, the phrase 'money makes the world go round' has never rung truer, and implementing effective strategies will ensure your sound financial health.
Insurance is a very effective way to affordably protect against the unexpected. We pay car insurance to protect against crashes, home and contents insurance to protect against theft and property damange, and health insurance to protect against sickness, injury and disease.
Far less people decide to protect themselves against trauma, which includes things such as serious injury or illness. This doesn't make a lot of sense, because if you're health is important enough to be protected for minor temporary things, it should definitely be protected against more serious traumatic experiences, which can be ongoing.
Serious illness and injury general costs a lot more to recover from, and costs can continue on for months and even years. So purchasing trauma cover, or accident insurance as it is also known, is a smart investment. Not only does trauma insurance pay out a lump sum (so you can have the money immediately to cover medical costs, loss of income, even school fees for the kids), it covers a wide range of things such as heart attack, HIV, diabetes, stroke, head trauma, parkinson's disease, cancer, severe burns, kidney failure and a range of other disorders and events.
70% of trauma insurance claims come from cancer, and statistics show an increasing level of the population is being effected by this during their lifetime. If you have a family, protecting them with cover is priceless.