Trauma cover

Trauma Cover is a product that is suitable for most people – you can even get trauma cover for children!  It pays out a lump sum if you suffer from one of the defined medical conditions listed in the policy wordings. These are serious medical conditions such as cancer, strokes, and heart attacks.

The lump-sum payout can be used for any purpose such as:

• Paying for living costs whilst you are sick and unable to work
• Paying for non-Pharmac medicines (ie. medicines not funded by the government). There are many cancer medicines that fit this category, and they can be very costly.
• Helping with any long term consequences of the trauma condition.

When you go to a bank for trauma insurance, the definitions of the conditions you can claim on are often very severe, meaning you can generally only claim for the big things and once you have made one claim, the policy ends.  Also, once your trauma cover is paid out it decreases your life cover.

Some of the benefits of working with us to get trauma cover include:

• The insurers we use have a range of products which we can package together to give you lots of cover for very serious events (Severe/Major trauma products), and less cover for less serious events (Trauma, Moderate Trauma, Early Trauma). 
• There are also standalone products that only deal with cancer – so if you have had a condition that might prevent you from getting a standard trauma product, sometimes a cancer only product is an option.
• You can have a product that pays out once and then the cover ends, or you can have products that pay out up to 5 times.
• You have the option of stand alone or accelerated cover.  Accelerated cover is taken with life cover and the life cover reduces once the trauma cover is paid out.  Standalone trauma is where the life cover is unaffected by the trauma cover.
• There are a variety of options you can build in to the cover, such as an extension to cover Total & Permanent Disability (TPD).