Trauma Insurance

A serious illness diagnosis can affect your ability to work for months or permanently. Trauma insurance (also called critical illness insurance) pays a tax-free lump sum when you are diagnosed with a covered condition. Most policies cover cancer, heart attack, stroke, organ failure, and several dozen other conditions.

The lump sum can be used however you choose — for treatment costs, to pay down debt, to fund home modifications, or simply to replace lost income while you recover.

Trauma cover can be held as a standalone policy or combined with life insurance. Cover amounts and the list of covered conditions vary significantly between providers. A CompareNow adviser will walk you through the differences and help you choose the right policy.