Trauma Insurance

Trauma Insurance

Did you know that seven women a day are diagnosed with Breast Cancer in New Zealand? Or that more than 50% of people diagnosed with cancer will be long term survivors?

Stroke is the third largest killer in New Zealand (about 2000 people every year). Every day about 21 New Zealanders have a stroke. Many are disabled and need significant daily support. (Sourced from NZ Stroke Foundation website)

Cardiovascular disease (heart, stroke and blood vessel disease) is still the leading cause of death in New Zealand, accounting for 40% of deaths annually. Every 90 minutes a New Zealander dies from coronary heart disease (16 deaths a day). Many of these deaths are premature and preventable. (Sourced from NZ Heart Foundation website)

Recovery from a serious illness such as a heart attack, stroke or cancer is easier for those who do not suffer financial stress. The one-off lump sum payment can be used however you wish - to replace lost income not covered by income protection, for medical treatment, rehabilitation, transport costs, child care and home help, even for taking off to a place in the sun to hasten recovery.

Trauma cover was spearheaded by Dr Christian Barnard, the South African Heart Specialist who said "We are saving people medically, but killing them financially". He lobbied the Insurance industry to create a policy that would support people suffering major health issues that they would recover from.

 

Frequently Asked Questions

  • What insurance premiums are tax deductible?
    As a rule, if the premium is tax deductible, then the benefit paid is tax assessable? There are some exceptions to the rule and full discussion is required on this topic – if in doubt, talk to a tax expert.
 
 


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