We all like to think we are bullet proof, but the truth is we do all get sick, have accidents and get older. Many New Zealanders are disabled by the same medical condition – heart attacks, strokes and cancer kill nearly two-thirds of all New Zealanders. Trauma cover pays a lump sum benefit if you are diagnosed with a critical illness or major trauma. With this benefit you could reduce or eliminate your debt, offset any losses in your future income, or create a cash reserve, or enjoy a holiday to help you recovery fully before rushing back into life.
Statistics tell us that 2 in 5 people (40%) will experience a critical illness before the age of 65! To plan for this risk, you need to think how your household would be affected if you or another income earner were to become critically ill.
Ask yourself:
- How would you pay for specialist medical treatment not covered by the public health system?
- How would you manage, reduce or service debt repayments (mortgage, credit card, personals loans)?
- How would you afford regular household expenses?
Trauma recovery can offer cover for over 40 conditions. This can take the financial pressure off you while you’re recovering and can be used for whatever you wish i.e. medical treatment, a lump sum on your mortgage, ongoing income if you are unable to work. We can also offer trauma insurance for your children, or grandchildren.
Example
After a doctor’s examination, 31 year old Marie was told she had haemorrhoids. She was referred to a specialist. The specialist performed a sigmoidoscopy and discovered what he believed was a rectal carcinoma, a form of bowel cancer. Marie had more tests, which confirmed the specialist’s diagnosis. After an initial major surgery, Marie had several follow-up surgeries over a period of 12 months.
She was paid out on diagnosis of the cancer and received a lump sum which she personally used for reducing some debt and then went on an overseas holiday after her treatment was completed.