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#everyoneneedsaplan to know how much trauma insurance you need

Posted by G. Dean McKinnon on 28 March 2018

HOW DO YOU KNOW HOW MUCH TRAUMA INSURANCE YOU NEED?

It really depends on your individual circumstances.  You should consider how you are going to meet your expenses if you suffer a trauma, these may include:

  • Net medical expenses (after Medicare and Private Health insurance rebates)
  • Bills and existing debts (home loan/rent)
  • Rehabilitiation expenses (so you can choose your own rehabilitation plan)
  • Extended convalescence (one years salary)
  • Employing domestic help (housekeeper/nanny/nurse)
  • Home alterations (wheelchair access)
  • Medical contingencies (overseas medical treatment)
  • Family contingencies (child education)
  • Emergency cash requirements (unexpected costs and expenses)

We can help you work through these expenses and assess how much trauma insurance you need, taking into consideration your income and provide suitable options for your circumstances.

Don't forget - your first appointment is free!

Author:G. Dean McKinnon
Tags:Insurance

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McKinnon Financial Planning Pty Ltd ABN 74 155 233 784 Australian Financial Services Licence 417488 | McKinnon Financial Services Pty Ltd ABN 82 056 817 648 Australian Credit Licence 392173 | General Advice Warning: Information contained in the pages of this website is of a general nature only and has not taken into account your particular circumstances. You should consider whether any strategies and or investments mentioned in this website are suitable for you and seek personal advice from a licenced investment adviser before making any investment decision.
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