Inspirational Case Studies

Trauma causes tremors...

(The statistics for cancer, heart attack, stroke and many other serious medical conditions are increasing in Australia. Trauma Insurance can ease the stress of suffering many serious health conditions)

As a self-employed architect, Mike viewed tight deadlines and long hours as just another part of his job. By age 40, he had worked hard to reach his position and was proud of both his achievements in the industry and the quality of lifestyle he was able to provide for his family.

Mike preferred to think about his next challenge rather than the pressure he was under. He didn't consider his eating-on-the-run, lack of exercise, early starts / late finishes to be worthy of concern. These, however, were the reasons given for Mike's heart attack at age 41.

Mike had protected his income against disability. So the four weeks spent in hospital were covered, but only by 75% of his normal salary. Where normally his mortgage had accounted for 30% of his income, it now required 40% of his income. He had other expenses that had to be met as well.

Given what had happened, the financial strain imposed on Mike was the last thing he needed and was detrimental to his recovery. His family's savings were eroded by numerous bills and funding the gap between normal income and the lesser income Mike's insurance provided.

Some issues to consider:

• Mike could rush back to work when not medically fit to do so and subject himself to a possible second heart attack.

• His family could start selling assets and reduce their living standards.

• Trauma Insurance would have provided Mike with a lump sum payment to clear his financial concerns and allow him to commit all his efforts to recovery.

• Trauma Insurance would have maintained the family's lifestyle and given them opportunity to be debt free. Mike could then have had the opportunity to take as much time as needed before returning to work, including the option of changing to a less stressful career.

Contact Seagrims on 1800 818 933
for a confidential review of your trauma cover.