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Life insurance is a great way to provide for your family in the event of your death. However, there are many situations that can occur where an accidental injury can leave you with long term health conditions but are not fatal. These types of accidental serious injuries can be very costly both short and long term. Having accident cover will provide a lump sum payment to help you get back on the road to recovery and even possibly re-entering the workforce. Leading Causes of Non-Fatal Accidents There are many different types of accidents that can result in injuries. While sometimes these same types of accidents can be fatal, they are also as common as non-fatal accidents. One of the most problematic fatal and non-fatal types of accident is a car crash or motor vehicle accident. Often these types of accidents include significant damage to the spine, legs, arms and head, resulting in permanent types of disabilities. Falls are another cause of permanent disability. These can be falls at the workplace, particularly in the construction and building industry, but also falls by older individuals that can lead to spinal injuries. Loss of limbs can also occur in workplace accidents and vehicular accidents, leading to significant loss of ability to remain in the same type of employment. Blindness and deafness from work related accidents are also significant factors in accidental injuries. When individuals lose their ability to hear or see they may have to change careers, retrain for a new job or take specialized types of therapy to help deal with the changes that have occurred in their life. Accident Cover Provides Opportunities for Rehabilitation If you do have accident cover as an additional policy to your life insurance you will have the peace of mind in knowing that cash will be available to help your recovery from one or more of these types of serious accidental injuries. The insurance can extend to your spouse, partner or named de facto on the policy, literally protecting the adults in the family in the event they should become permanently disabled because of an accident. Policies will vary on their coverage but it is important to make sure that the policy covers the significant mobility disabilities. These include paraplegia or the loss of the use of the lower body as well as quadriplegia which is the loss of the use of the body below the neck or shoulder area. These types of injuries will require wheelchairs, scooters and other specialized types of equipment to provide mobility and as much personal freedom to move inside and outside as possible. Home renovations may also have to occur to allow easy access to all rooms within the home. Rehabilitation including intensive physical therapy is often long term with these types of injuries. Hemiplegia, which is the paralysis of one side of the body also requires specialized equipment, scooters, wheelchairs, assisted walking devices and even specialized modifications to a vehicle can all be purchased with the funds from an accident insurance and serious injury cover. Other Additional Considerations For shorter term illness and injury an excellent companion type of optional insurance is income protection insurance. This provides up to 75 percent of your average monthly income for a period of time of your stipulation. This type of insurance does require a qualified doctor to make a diagnosis of the illness or injury, but it does provide that gap type of financial security until you are well enough to return to work. Since you can choose your accident cover level and duration of cover this is a very flexible type of policy to have.
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