Life Altering Injury

Moments That Matter

A life-altering injury is defined as any permanent injury which directly alters or interferes with one’s daily life. Injuries like this can cause shortened life expectancy and permanent disability. Matters can be greatly complicated if the injury is related to the brain or includes the loss of a limb.

Oftentimes, injuries such as this affect more than the injured person. They often require someone or a team of people to become full- or part-time caretakers. It’s not an understatement to say that this tragic situation can also create a lot of financial hardship, too.

Things to Consider

Because this is a difficult topic to think and talk about, it is often not adequately planned for. But just a little bit of planning can go a long way, should the unthinkable happen. Here are a few key things to consider to better plan for the impact of a life altering injury.

  • Have coverage in place. Whether it’s long term disability, long-term care or life insurance, it’s smart to sit down with your family and discuss what kind of coverage you all will need to maintain financial wellbeing and quality of life.

  • Compensation claims. Know that there are additional actions you can take. In the event of tragedy, you may be eligible to make compensation claims against other parties (e.g. car insurance companies or the government).

  • Getting back to a purpose. Whether it happens to you or a loved one, a life altering injury can severely impact a person’s sense of self-worth and purpose. Protecting against financial disaster can help the injured person focus on more important things like rehabilitation and new goals to help get their life back on track.

Key takeaways

No one thinks this will happen to them or their loved ones, but unexpected events can and do happen. Depending on your situation and lifestyle, it may be time to think about safeguarding you or your family against the potential risk. If something does happen and you don’t have an adequate plan in place, the  consequences can be devastating, including bankruptcy from extensive medical expenses, reduced quality of life, and even loss of life.

Plans that might help you

Planning for the next step

It’s always smart to plan for the unexpected. If you feel like the time is right, we’ve gathered a handful of materials for you to review and consider regarding the possibility of a life altering injury. At the end of the day, it’s important that you do all that you can to protect yourself and the ones that you love.

Resources that might help you