29 Nov Trauma insurance- A Life Saviour!
Having personal risk insurance such as mortgage and income protection, trauma cover, life and health insurance set up correctly and in place is as important to your family as paying your rent and mortgage repayments every month. Without it you are very very vulnerable to losing both your assets and livelihood if you should suffer an illness or accident.
Everyday Kiwis are struck down with severe illnesses and accidents. Once this happens your ability to earn and income, pay the bills and put food on the table instantly vanishes over night. We read stories everyday how average Kiwis get struck down with cancer and not only end up with a fight on their hands to survive but most will also incur A financial fight for survival on top. Some lose their homes and have to move in with relatives because their incomes have stopped and they can no longer pay the bills.
It doesn’t have to be this way. With a full comprehensive risk insurance plan you and your family will be fully covered for all and any catastrophe. Personal insurance such as life insurance, trauma cover, income and mortgage protection and health insurance is actually very affordable here in NZ. For as little as 2%-4% of your income you can have a full suite of products. This will guarantee if you get sick or injured you can continue to pay all the bills and even accumulate wealth now and into retirement. Also you wont have the added stress of any financial pressure so your recovery should be a lot easier.
Today I’m going to talk about one of these products called Trauma insurance. This is one of the most popular risk protection products on the market today. Trauma cover was invented by two South African surgeons who found that many of their patients would recover from a major trauma but many would struggle to cope financially while they were out of work. Also those that weren’t stressed financially recovered remarkably quicker than those that didn’t.
Trauma is designed to help alleviate this financial impact. The lump sum can help reduce debt, purchase specialised equipment, pay for home modifications, provide additional care, create an investment fund to generate ongoing income, or enable business
Diseases such as cancer, heart attack, strokes and diabetes are just a few that are rampant today due to our high stress lives and poor diets. Trauma will pay you a lump sum if you should suffer one of the 47 covered conditions. The Trauma product has also grown substantially over the last 15 years when it first started out as covering only a few conditions.
These are just some of the benefits built into Trauma cover
Buying Back claimed benefits
Premium Options- Stepped or Level
47 Listed Traumas
Cover for your children
Bringing you home
Treatment away from home
Special events increases
However you need to remember that not all companies and products are the same. There are good ones and poor. You must find a qualified financial adviser who is independent who will be able to find you the very best products, companies and advice. Do not try and go direct through a bank or through an online company. These products and advice are not independent so there is a high chance you will end up with poor products, wasted premiums and cover that you may never be able to claim.
For help with your life insurance, income and mortgage protection, trauma cover and health insurance call 027 446 4143.