Explore the differences between trauma insurance and income protection. Learn which option will suit your financial needs during illness or injury.
Insurance plays a crucial role in safeguarding your economic wellbeing during times of uncertainty. When an illness or injury hampers your ability to work, two types of insurance are worth considering: trauma and income protection. In this comprehensive guide, we'll explore the key differences between these insurances, what they are, and how they work, helping you make an informed decision that aligns with your specific needs.
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Aussie Injury Lawyers. What Is Trauma Insurance? The Essentials of Trauma Cover. Retrieved 11/4/2023 https://aussieinjurylawyers.com.au/legal-news/what-is-trauma-insurance/
LifeCovered NZ. Olsen, Willi. Trauma Insurance vs Income Protection: What Are the Differences? Retrieved 11/4/2023 https://www.lifecovered.nz/trauma-insurance-vs-income-protection/
The Conversation. Tania Driver. What Is Trauma Insurance and What Do I Need to Know If I Am Considering Getting It? Retrieved 11/4/2023 https://theconversation.com/what-is-trauma-insurance-and-what-do-i-need-to-know-if-i-am-considering-getting-it-199104.
Money Helper UK. What Is Income Protection Insurance? Retrieved 11/4/2023 https://www.moneyhelper.org.uk/en/everyday-money/insurance/what-is-income-protection-insurance