In the event you suffer a serious illness or injury like cancer, heart attack or paralysis, trauma insurance provides you with choices. The money could be used to pay your medical expenses and treatment costs and in some instances provide you with lifestyle choices. You could use it to pay off your debts, go on a holiday, or even to make a permanent lifestyle change such as reduced working hours. The money may also enable your spouse to take time off work so that they can take care of you or support you while you receive treatment.