Trauma insurance, do you have it??

[~Raven~]

We've recently got it so I'm fully worded up via our financial planner

Our policy will pay $100,000 Critical Illness/Trauma benefit for either DH or myself and we also have the kids over 3 (can't insure under 3yo) insured for $20,000 each. We also have life, income protection and TPD cover as separate policies.

This is going to sound like one of those ads on the teev lol but Bath you should consider having a policy for yourself too. Just because DH is the primary earner doesn't mean he is the only one that should be insured. What if something happened to you? Would your DH have to give up work to raise the little ones? Would you like your children put into full time care so that he can keep working?

[Bathsheba]

Yes, he has been talking about that recently Raven I totally agree... it's in the pipeline.

[Jaffaz]

I got confirmation yesterday that DH's insurance has been accepted. I got $100,000 of trauma (they suggested $300,000 but the premiums for trauma are very high) and $800,000 of TPD/Life, mmm now I'm thinking I should have done a bit less on the TPD/Life and increased the Trauma. Oh well it's done for this year, I guess if something happened and DH couldn't work again the TPD would be paid out and trauma would be for an illness/accident that he would recover from. Get's very complicated, now I just have to follow mine up with the super company!! Fun Fun Fun.