Trauma and Medical Insurance
Critical Illness Cover
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In the case of serious medical conditions or major surgical procedures which prevents you from working a lump sum payment or partial payment is made by the insurer. Trauma / Critical Care illness insurance allows you to focus on recovery without the stress of financial insecurity.
Some common serious medical conditions covered: Cancer, heart attack, alzheimers, blindness, chronic kidney, liver and lung failure, dementia, intensive care, loss of limbs or speech, meningitis, stroke. |
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Some common major surgical procedures covered:
Coronary artery angioplasty – triple vessel, coronary artery bypass surgery, open heart surgery, major organ transplant.
Early Stage Cancer benefit:
Trauma cover includes an Early Stage Cancer benefit which will pay a minimum of $10,000 or 20% of the Trauma cover sum insured.
There is also the option of Cancer cover which will pay a lump sum to help physical and financial recovery for cancer alone and also includes the early stage cancer benefit.
Statistics:
The benefit payment can be used to cover:
Mel* worked as a nurse at North Shore hospital. In August 1995, she had tests carried out by her doctor as she had not been feeling right for a while. The tests indicated that Mel had breast cancer. Surgery followed, leaving Mel unable to work for ten weeks. She returned to work for a short period of time but then had to take a further week off to recover from follow-up radiotherapy.
Mel had Trauma cover as part of her Risk Protection Plan. A claim was made through Premier Life Brokers and she promptly received a lump sum of $200,000. This was used to fund an overseas trip with her children and complete home renovations.
Mel is currently in good health and having regular check ups to ensure that all the cancer has been removed. She is concentrating on maintaining a more relaxed lifestyle.
*Name has been changed for privacy reasons.
Trauma Case Study 2:
David*, a 50 year old customs agent, had his whole world turned upside down in August 1997 when he was advised by his doctor to undergo quadruple by-pass surgery. A week later David had the surgery on his heart.
David was well prepared and through his Trauma cover received a lump sum benefit of just under $160,000 which assisted his family while he was unable to work. He received his benefit within two days of submitting the required medical information.
The operation was a success and thanks to his Trauma benefit, David was able to concentrate on recovering from the surgery.
*Name has been changed for privacy reasons
Testimonial:
"The funds have taken away the stress of mortgage repayments. They meant we had extra money to pay for doctors' appointments. Most importantly it has helped us cover the shortfall of $11,000 to $12,000 needed for reconstructive surgery as the full cost wasn't cover under our health insurance"
Catherine, Premier Life Brokers customer
Coronary artery angioplasty – triple vessel, coronary artery bypass surgery, open heart surgery, major organ transplant.
Early Stage Cancer benefit:
Trauma cover includes an Early Stage Cancer benefit which will pay a minimum of $10,000 or 20% of the Trauma cover sum insured.
There is also the option of Cancer cover which will pay a lump sum to help physical and financial recovery for cancer alone and also includes the early stage cancer benefit.
Statistics:
- In New Zealand 85% of females critical illness claims are for cancer. For males 45% claims are for cancer and 47% of claims are for the heart.
- One in 5 men and one in 7 women between the age of 30 and 65 will suffer a critical illness (Gen Re Life Health, 2008)
The benefit payment can be used to cover:
- Expense of debts such as mortgage, credit card or car payments which are unable to be made due to the loss of income.
- Partner’s loss of income in taking time out of work to care for the other suffering the trauma or illness.
- Treatments not covered by medical insurance which assist recovery alongside major treatment, such as recovery of chemotherapy side effects.
Mel* worked as a nurse at North Shore hospital. In August 1995, she had tests carried out by her doctor as she had not been feeling right for a while. The tests indicated that Mel had breast cancer. Surgery followed, leaving Mel unable to work for ten weeks. She returned to work for a short period of time but then had to take a further week off to recover from follow-up radiotherapy.
Mel had Trauma cover as part of her Risk Protection Plan. A claim was made through Premier Life Brokers and she promptly received a lump sum of $200,000. This was used to fund an overseas trip with her children and complete home renovations.
Mel is currently in good health and having regular check ups to ensure that all the cancer has been removed. She is concentrating on maintaining a more relaxed lifestyle.
*Name has been changed for privacy reasons.
Trauma Case Study 2:
David*, a 50 year old customs agent, had his whole world turned upside down in August 1997 when he was advised by his doctor to undergo quadruple by-pass surgery. A week later David had the surgery on his heart.
David was well prepared and through his Trauma cover received a lump sum benefit of just under $160,000 which assisted his family while he was unable to work. He received his benefit within two days of submitting the required medical information.
The operation was a success and thanks to his Trauma benefit, David was able to concentrate on recovering from the surgery.
*Name has been changed for privacy reasons
Testimonial:
"The funds have taken away the stress of mortgage repayments. They meant we had extra money to pay for doctors' appointments. Most importantly it has helped us cover the shortfall of $11,000 to $12,000 needed for reconstructive surgery as the full cost wasn't cover under our health insurance"
Catherine, Premier Life Brokers customer