Trauma Insurance

Trauma cover pays you a lump sum in the event of you suffering any one of up to 53 major illnesses or critical conditions.

If you had just been diagnosed with cancer, or suffered a heart attack, would you prefer a get well card, or a cheque for $500,000?

Suffering a major illness is devastating in any circumstances, but the burden and recovery will be greater if your financial security is also put at risk.

Historical data indicates that a person suffering from one of the four major illnesses (heart disease, heart attack, cancer or stroke) has nearly 50% chance of surviving for up to 10 years.

However, in many cases, a person’s capacity to work will be dramatically reduced, resulting in serious lifestyle changes, major adjustments and additional expense.

A lump-sum payment during a crisis can make a significant difference by taking care of unexpected costs, such as:

Medical treatment and hospitalisation
Overseas travel or treatment
Time off work with no income
Early retirement
Mounting debts and mortgage repayments
A partner having to stay home to care for you.

Who actually claims for trauma cover?

49 is the average age of claimants (with Partners Life trauma cover), 76 being the oldest claim and 4 years old being the youngest
Leading trauma claims with Partners life to date (Feb 24)
Neoplasms (cancers) $181,808,695
Diseases of the circulatory system $60,381,672
Diseases of the nervous system $10,091,400
Injury, poisoning and certain other consequences of external causes $9,580,717
Diseases of the digestive system $4,381,224
One in three New Zealanders are affected by cancer.
Seven women a day are diagnosed with cancer.
50% of people with cancer will be long-term survivors.

For example, Marc is married with three young children. He is no longer able to work as a self-employed weather forecaster after being diagnosed with young-onset Parkinson's disease in 2004 (at age 39).

“When I was told I had Parkinson’s it was a great shock. My main concern was around my family’s security and how they were going to survive financially. This was a very serious concern. The trauma cover payment meant that one part of a very stressful time was alleviated – it was hugely important. The mortgage was the main thing – it’s a major outlay for any family and if you can pay it off or reduce it that’s a big thing but it was also used for getting help when we needed it. My illness has been just as hard on my wife as it has on me. We have three boys and the money means we can get respite when we need to. That’s super important. It’s as important as the mortgage. I tell people I’m such a lucky man – which is strange. But I say I am lucky for two reasons – I had insurance and I have a partner who is prepared to be along for the ride.”

We'd love the opportunity to learn about your unique circumstances so that we can think carefully about the appropriate solutions for you. Drop us a line using the form below and we'll get in touch with you to discuss.

I have been a consultant for the last 17 years, eight of which in the security industry working for Signature Security, CR Kennedy’s (a CCTV wholesaler) and Ingersoll rand (Allegion). I have in-depth knowledge about different types of life risks which I now utilise to help family's and business owners put the appropriate risk protection in place. I am a Financial Adviser (FSP276605).

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Address: Unit 1, 5 Youngs Rd, Papakura

Email: patrick@lifeadvice.co.nz

Phone: 021 804 055