How many adults do you know who have purchased trauma insurance for their child? In fact, not enough Australians give much thought at all to the subject. Although most of us prefer not to think about the possibility of any harm coming to our children, it’s important to reflect on all the protective measures we take to safeguard them. Some parents have come to consider trauma insurance to be just one more level of protection for their youngsters.
When an uninsured child suffers a serious injury or develops a life-threatening illness, his or her parents may find themselves facing a series of ongoing costs beyond those covered by their health insurance. This is where trauma cover may assist financially by providing an agreed lump sum payment. Sometimes it takes the shock of illness or death of a friend or family member’s child to realize that trauma insurance for children may serve as an ounce of prevention; a life cover plan may be a sound option for keeping our healthy children are protected.
When you compare children’s trauma insurance plans, you may be surprised to find that each policy is different, based on the plan’s provider. While some insurance providers offer one or two standard levels of cover, which can be a no-cost option on the parent’s life insurance plan, others provide variable levels of cover, and the level you choose could help determine the cost of the premium.
Many Australians may avoid thinking about trauma insurance for themselves or their children because it sounds complicated or expensive – or both. By logging on to the MultiCover website, you will find step-by-step guidelines to better understand the differences between insurance policies, and hopefully alleviate your fears about costs.
Naturally, it’s important to know you’re making the best choice when it comes to purchasing trauma insurance for your child. Choosing the right plan at the right cost is a decision to be weighed carefully. Be sure to seek guidance from a qualified advisor in order to determine which plan provides the best trauma cover is for your child.