Heart-attack pain in chest A trauma can strike anyone at any time. It knows no age, gender, or ethnicity and can really turn your life upside down. Trauma insurance helps in dealing with these unexpected circumstances by providing financial protection during your recovery or ongoing treatment. Also known as critical illness insurance and lump sum insurance, trauma cover keeps you and your family financially stable if you suffer from a trauma condition. Traumas can be a form of a life-threatening illness to a major injury, trauma covermight won’t prevent a trauma from occurring, but it can get you through it without financial stress.

 

Conditions Covered by Trauma Insurance

The definition of trauma differs from policy to policy, but for the most part, critical illness cover compensates you for these three medical conditions:
• Cancer
• Heart Attackor other heart-related conditions
• Stroke

Headache In addition, trauma policies also include compensation for major injuries, such as loss of limbs, paralysis, head trauma, blindness, deafness and major burns. As a general rule, any condition considered life threatening is covered under trauma insurance, which typically includes 35 or more types of traumatic events, among them Alzheimer’s disease or dementia; multiple sclerosis; Parkinson’s disease; amyotrophic lateral sclerosis (ALS); major organ transplant; encephalitis; advanced diabetes; and chronic conditions, such as liver, kidney, or lung diseases.

When considering trauma insurance, be sure to compare the terms and conditions of policies from different insurance companies so you know exactly what type of critical illness cover you are receiving for the premium. Click here for a quick rate comparison from several different insurers offering trauma insurance.

The Benefits of Trauma Protection

Thanks to medical advances, life expectancy is increasing, but so are serious illnesses. For example, New Zealand Ministry of Health statistics show that:
• There are 57 new cases of cancer every day in New Zealand.
• Stroke is the main cause of adult disability in New Zealand, with 21 New Zealanders suffering a stroke every day, according to the Stroke Foundation of New Zealand.
• One in 20 adults in New Zealand have heart disease, with one in three requiring a medical procedure.

If you suffer a major illness or injury, your critical illness insurance kicks in, providing you with a tax-free,lump sum payment according to your policy’s terms. Payments begin as soon as you are diagnosed with the critical condition and can be used howe you see fit, whether it’s for:
1.Paying your mortgage or other expenses
2. Reducing your debt
3. Exploring other treatment or rehabilitation options
4. Covering medical bills
5. Adding to your cash reserve
6.Renovating your home to suit your disability
7. Getting in-home nursing or therapeutic care
8. Supplementing your income
9. Increasing your retirement savings, or taking a vacation.

In short, Critical Illness insurance keeps you financially secure while you deal with your critical illness.

How Trauma Cover Supplements Other Insurance Protection

Even if you already have health insurance, life insurance, mortgage protection insurance, or income protection insurance, Trauma insurance adds an important layer of protection that complements your existing insurance. Your current insurance might not cover all expenses or provides just limited coverage, so having this additional critical illness cover gives you complete protection.

Depending on your current insurance, you can either add trauma cover as a rider, such as to a life cover policy, or purchase it as a stand-alone policy. Either way, Trauma Cover fills in the gaps that may exist with your current insurance portfolio.

Selecting a Trauma Insurance Policy That’s Right for You

When a critical illness or injury strikes, all you should be focusing on is recovering from it. You shouldn’t have to worry about recovering from the financial burden it may bring. A trauma policy customized to meet your coverage needs and budget will put you on the right road to recovery.

Get started today with a cost comparison of different trauma insurance providers. It’s quick, easy and free, and you are under no obligation to buy. You’ll be able to do a side-by-side comparison of the various trauma insurance policies available, including their cover, benefits, add-on benefits and premium. Get the critical illness protection you need today so you can enjoy peace of mind tomorrow and beyond.

NB: Trauma Insurance is also referred to in the Insurance industry as Critical Illness Cover, Comprehensive Insurance, and Essential Living Insurance. They all refer to the same type of cover.

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