Trauma or critical illness insurance cover can provide a lump sum of money to cover immediate medical expenses and other financial needs when a critical illness or injury occurs.

What is Trauma or Critical Illness Insurance Cover?

Trauma or critical illness cover pays a agreed amount to cover you for many different issues such as heart attacks, intensive care and other conditions.

Why Have Trauma or Critical Illness Insurance Cover?

A serious illness or injury has the potential to cause severe disruption to your finances and causes more than just physical and emotional turmoil. Imagine how useful it would be to have a lump sum of money to cover your immediate medical and financial needs. While income protection helps to replace a portion of your income when you cannot work due to illness or injury, trauma or critical illness insurance covers your medial and financial needs. Imagine not worrying about your finances while you concentrate on your recovery and getting on with life with your trauma or critical illness expenses covered.

What types of conditions are covered under Trauma or Critical Illness Insurance Cover?

It will vary from policy to policy, but will typically include as standard various cancers, heart disease and/or heart attack, and stroke. Some examples of other conditions that may also be included are motor neurone disease, organ transplant and major burns.

Other cover provided could include:

Alzheimer’s disease / Aortic surgery / Aplastic anaemia.
Benign brain tumour / Benign tumour of the spine.
Chronic kidney failure, liver disease and or chronic lung disease.
Cognitive loss / Coma.
Deafness / Dementia.
Heart conditions: Cardiomyopathy (heart disease), Coronary artery by-pass surgery, Heart attack.
Heart valve surgery, Open heart surgery, Out of hospital cardiac arrest, Triple vessel angioplasty.
HIV (medically acquired or occupationally acquired)
Intensive care
Loss of independent existence, speech and loss or paralysis of limb
Major head trauma, Major organ transplant.
Meningitis and/or meningococcal disease.
Motor neurone disease Multiple Sclerosis, Muscular dystrophy.
Parkinson’s disease, Pneumonectomy, Primary pulmonary hypertension.
Severe burns, diabetes, osteoporosis (before age 50) and rheumatoid arthritis.
Stroke, Systemic sclerosis.
Terminal illness.

How much cover should you have?

The amount of trauma cover you should have will depend upon both your family and financial situation. As previously mentioned, your income protection policy will be your main source of ongoing cashflow. It is designed primarily to provide for your short-term needs.

As a basic guide, a trauma insurance policy may be used to:

  • Provide a cash buffer.
  • Provide a lump sum for immediate medical needs involved in treatment and recovery.
  • Pay off any personal debts such as a mortgage.

Quality Financial Advice

Our advisers have recently seen first hand (last weekend in fact). Personal insurances have an important role to play. Unexpected illness (in this case a heart attack), that requires extended treatment or rehabilitation. As well as, other situations can happen at different times in our lives. Personal insurance, particularly when debt levels are high and dependent children are young are times when your recovery can be made considerably easier if you don’t have to worry about your income whilst you are recovering.

Furthermore, your income can still be impacted later in life (in your 50’s and 60’s). Trauma or critical illness insurance cover can make your recovery easier if you don’t have to worry about your income whilst you are recovering.

Finally, if you don’t have cover, make a time to discuss insuring your income now.
There will always be a place for quality advice, so, contact us to see what cover is best for you and your circumstances?

If covering your health while protecting your wealth as a whole wealth strategy is important to you (or to book a more holistic review of your wealth and goals) call us on 08 7111 0022 or email 

Remember, Action is power!




Disclaimer: This article is information only. It is not intended to imply any recommendation about any financial product(s) or to constitute financial or tax advice. The information in the article is reliable at the time of distribution, but may not be complete or accurate in the future.

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