A staggering 1 in 3 Australians will suffer from a mental health condition in their lifetime. This statistic is a shocking reminder of how important it is to have trauma insurance Gold Coast.
It is a type of income protection insurance that pays a lump sum if you suffer from an event that causes physical or mental trauma, such as a heart attack, cancer, or stroke.
In this article, we will explore 5 reasons why everyone needs trauma insurance.
1. It provides a financial safety net:
If you were to suffer from an accident or illness that prevents you from working for an extended period of time, would your family be okay? If not, life insurance Gold Coast can help provide the financial security they need while they recover. This can mean anything from paying off bills and buying groceries to keeping up with loan repayments and maintaining mortgage payments.
2. It pays out quickly:
These types of insurance claims are paid out quickly so your family won’t have to deal with any financial strain while you’re recovering. This makes them ideal for covering the costs associated with unexpected events like car crashes or workplace injuries.
3. It can be used however you need it:
The payout amount is decided by the individual insurer based on the severity of your injury and your age at the time of claim – it could be anywhere between $20,000 and $100,000. You can use this money however you see fit, whether that’s paying off medical bills or taking time off to look after yourself or your family members after an illness or accident.
4. It helps with rehabilitation:
This insurance can help pay for treatment costs and rehabilitation in the event that you are diagnosed with any type of illness or injury. This can include therapies like physiotherapy, speech therapy and occupational therapy. These types of treatments will help you to recover from your injury faster so that you can get back to living your life.
5. It can help pay for mental health support:
It can also be used to help pay for mental health treatments and therapies if you suffer from post-traumatic stress disorder (PTSD) or depression following a traumatic event such as an accident or natural disaster. Mental health conditions require ongoing treatment so it’s important to have financial assistance when dealing with these situations as they arise.
Trauma insurance Gold Coast is an important consideration for everyone as it helps protect you and your family in the event of a serious illness or accident.