Trauma Cover Benefits and Key Facts
Trauma Cover
Personal
Trauma Cover
Key Facts
Standard Features
Optional Benefits
Coverage:
A
l
u
m
p
s
u
m
b
e
n
e
f
i
t
c
a
n
m
a
k
e
a
r
e
a
l
d
i
f
f
e
r
e
n
c
e
i
n
m
e
e
t
i
n
g
t
h
e
c
o
s
t
s
.
S
u
f
f
e
r
i
n
g
a
s
e
r
i
o
u
s
i
l
l
n
e
s
s
i
s
d
e
v
a
s
t
a
t
i
n
g
i
n
a
n
y
c
i
r
c
u
m
s
t
a
n
c
e
s
b
u
t
t
h
e
b
u
r
d
e
n
w
i
l
l
b
e
f
a
r
g
r
e
a
t
e
r
i
f
y
o
u
r
f
i
n
a
n
c
i
a
l
s
e
c
u
r
i
t
y
i
s
a
l
s
o
p
u
t
a
t
r
i
s
k
Trauma Cover
Pays a LUMP SUM if you suffer a specified condition such as:
Stroke
Heart Attack
Cancer
Lost of a Limb
The policy comes with IMPORTANT benefits at NO additional
cost.
You can...
ADD one or more OPTIONAL BENEFITS for an additional premium
available either in conjunction with:
Life Assurance Cover
(
accelerated benefit
) - a claim will reduce
the life cover
On its own
(
standalone benefit
)
KEY FACTS
Trauma Cover
KEY FACTS
Age
Level of Cover
Premiums
KEY FACTS:
Age
Entry Age:
16-64
(Standalone)
69
(Accelerated)
You are covered for your
life
(Accelerated) or to age
70 (Standalone)
KEY FACTS
: Level of Cover
NOTE: You can “
inflation proof
” your cover by increasing it each year in line with the CPI.
Standalone
The maximum
cover is
$2 million
.
Accelerated
The maximum cover is the level of
your life insurance to a maximum of
$2 million.
KEY FACTS:
Level of Cover
The following are not covered if they occur
within 3 months
of the Policy:
•
Angioplasty
•
Aorta Surgery
•
Cancer
•
Cerebrovascular Accident
(Stroke)
•
Myocardial Infraction (heart attack)
•
Coronary Artery Bypass Surgery
•
Heart Valve Surgery
•
Out of Hospital Cardiac Arrest
Payable
fortnightly
,
monthly
,
quarterly
,
half yearly
, or
yearly
.
KEY FACTS:
Premiums
Yearly renewable premiums
are fixed for one year at a
time and will normally increase in line with age.
Level term premiums
are fixed for the policy.
STANDARD FEATURES
Trauma Cover
Standard Features
Buy this as Standalone then the cover ends with the payment of the benefit*.
*Except in the case of Angioplasty to 1 or 2 vessels or a partial payment under a diagnosis benefit.
Life Cover buy-back
You have the opportunity to “buy-back” the life cover amount paid, one
third every year for three years, without having to provide any evidence
of insurability.
After three years you will have your original level of life cover. You will pay
the premiums appropriate to the level of cover.
Child’s Benefit
Children (by birth or legal adoption) aged between 2 & 20 years are covered
for the lesser of $50,000 or 20% of the parent’s Trauma sum assured should
they suffer for the first time after the cover starts one of the Trauma
Conditions at
NO ADDITIONAL COST
.
•
The child must survive for the period of 14 days.
•
This can be converted up to 30 days before or after their 21
st
birthday to
their own Life Assurance Cover with Trauma Accelerated Cover.
Financial Planning Benefit
If a benefit of at least $100,000 is paid, a further benefit of up
to $2,500 may also be payable.
Reimbursement of the reasonable costs of a fully documented
financial plan prepared by an Authorised Financial Adviser.
Future Insurability
The
Trauma cover
can be
increased without further
medical evidence on the
occurrence of certain
events:
Death of the
Spouse, partner,
or child
Relocation to New Zealand Benefit
•
This benefit will pay an economy airfare up to a total of
$10,000 if you are suffering from one of the trauma
conditions while living overseas for more than three
months.
•
This can be paid
once
during the period of cover.
Standalone Conversion
The
Standalone cover
can be converted to
Accelerated
with an equal amount of life cover, before a client
turns 60.
OPTIONAL BENEFITS
Trauma Cover
Optional Benefits:
OPTIONAL BENEFITS
1. Business Future Insurability Option
Allows you to increase cover as your
business changes*.
No further medical evidence will be
required though financial evidence may
be required.
*Conditions Apply. Not Available with Level Term or
Mortgage Protection.)
2. Life Cover buy-back
Opportunity to "buy-back" the life
cover amount paid after one year
without any health evidence*.
*This buy back option may be available after 6
months for certain events.
OPTIONAL BENEFITS
3. Waiver of Premium Cover
The premiums due on the
policy after the waiting
period ends will be waived
and premiums paid during
the waiting period will be
refunded.
4. Total and Permanent Disability option
Provides financial protection against total
and permanent disability with a lump sum
payment.
OPTIONAL BENEFITS
5. Trauma Cover Reinstatement Option
Allows to reinstate trauma cover
(standalone/accelerated) 12 months
after a trauma claim (conditions apply).
6. Children’s Trauma Cover
The trauma cover can be taken out as a
standalone cover up to $60,000 which
includes the
trauma conditions listed
.
All of the options require payment of an additional premium.
OPTIONAL BENEFITS
7. Inflation Protection
Choose to have your policy cover
increase each year by the greater of
2% or the CPI.
There will be an advise each year of
the increased sum assured and the
new premium.
8. Continuation Option
Allows the policy to continue with the
same level of cover on a YRT basis at
expiry of policy term or to take up
another level term policy.
Applies to Level Term only.
Trauma Cover Conditions
Trauma Cover
Trauma Cover Conditions
•
Accidentally acquired HIV
•
Adult onset insulin dependent diabetes
mellitus#
•
Alzheimer’s disease/Dementia#
•
Angioplasty*#
•
Aorta surgery*
•
Aplastic anemia
•
Benign brain tumor
•
Cancer*#
•
Cardiomyopathy
•
Cerebrovascular accident (stroke)*
•
Chronic liver failure
•
Chronic lung disease
•
Chronic renal (kidney) failure
•
Cognitive Impairment
•
Coma
•
Coronary artery bypass surgery*
•
Creutzfeldt-Jakob disease
•
Encephalitis
•
Heart valve surgery*
•
Intensive care
•
Loss of independent existence
•
Loss of limbs and/or eyes#
•
Loss of speech
•
Major head trauma
•
Major organ transplant
* Three month stand-down from commencement applies.
# A partial advance payment of the Trauma Cover can apply to these conditions. This applies to some cancers.
Refer to the Policy Wording for full definitive details and conditions.
Trauma Cover Conditions
•
Meningitis /meningococcal disease
•
Motor neuron disease
•
Multiple sclerosis#
•
Muscular dystrophy#
•
Myocardial infarction (heart attack)*
•
Occupationally-acquired HIV
•
Open heart surgery
•
Out of hospital cardiac arrest*
•
Parkinson’s disease#
•
Pneumonectomy
•
Paralysis:
-diplegia
-hemiplegia
-paraplegia
-quadriplegia
-tetraplegia
•
Parkinson’s disease#
•
Pneumonectomy
•
Primary pulmonary hypertension
•
Severe burns
•
Severe osteoporosis#
•
Severe rheumatoid arthritis#
•
Systemic sclerosis
•
Total blindness
•
Total deafness
* Three month stand-down from commencement applies.
# A partial advance payment of the Trauma Cover can apply to these conditions. This applies to some cancers.
Refer to the Policy Wording for full definitive details and conditions.
Trauma Cover provides a lump sum payment for specified conditions like stroke, cancer, limb loss, and heart attack. It ensures financial security in case of devastating events. Optional benefits can be added for additional premiums. Key facts include coverage details, age limits, and maximum coverage amount.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Trauma Cover Personal
Coverage: Trauma Cover Key Facts Standard Features Optional Benefits
A A lump lump sum difference difference in in meeting sum benefit benefit can meeting the can make make a a real the costs real costs. . Suffering Suffering devastating devastating in in any but but the the burden burden will your your financial financial security risk risk a a serious serious any circumstances circumstances will be be far far greater security is is also also put illness illness is is greater if if put at at
Trauma Cover Pays a LUMP SUM if you suffer a specified condition such as: Stroke Cancer Lost of a Limb Heart Attack
The policy comes with IMPORTANT benefits at NO additional cost. You can... ADD one or more OPTIONAL BENEFITS for an additional premium available either in conjunction with: Life Assurance Cover (accelerated benefit) - a claim will reduce the life cover On its own (standalone benefit)
KEY FACTS Trauma Cover
KEY FACTS Age Level of Cover Premiums
KEY FACTS: Age Entry Age: 16-64 (Standalone) 69 (Accelerated) You are covered for your life (Accelerated) or to age 70 (Standalone)
KEY FACTS: Level of Cover Accelerated Standalone The maximum cover is $2 million. The maximum cover is the level of your life insurance to a maximum of $2 million. NOTE: You can inflation proof your cover by increasing it each year in line with the CPI.
KEY FACTS: Level of Cover The following are not covered if they occur within 3 months of the Policy: Myocardial Infraction (heart attack) Angioplasty Coronary Artery Bypass Surgery Aorta Surgery Cancer Heart Valve Surgery Cerebrovascular Accident Out of Hospital Cardiac Arrest (Stroke)
KEY FACTS: Premiums Payable fortnightly, monthly, quarterly, half yearly, or yearly. Yearly renewable premiums are fixed for one year at a time and will normally increase in line with age. Level term premiums are fixed for the policy.
STANDARD FEATURES Trauma Cover
Buy this as Standalone then the cover ends with the payment of the benefit*. If a claim is paid on an Accelerated Benefit, the claim amount will be deducted from the life of your policy. Standard Features If a claim is paid on a Standalone Benefit, the payment will not reduce the life cover under the policy. *Except in the case of Angioplasty to 1 or 2 vessels or a partial payment under a diagnosis benefit.
Life Cover buy-back You have the opportunity to buy-back the life cover amount paid, one third every year for three years, without having to provide any evidence of insurability. After three years you will have your original level of life cover. You will pay the premiums appropriate to the level of cover.
Childs Benefit Children (by birth or legal adoption) aged between 2 & 20 years are covered for the lesser of $50,000 or 20% of the parent s Trauma sum assured should they suffer for the first time after the cover starts one of the Trauma Conditions at NO ADDITIONAL COST. The child must survive for the period of 14 days. This can be converted up to 30 days before or after their 21st birthday to their own Life Assurance Cover with Trauma Accelerated Cover.
Financial Planning Benefit If a benefit of at least $100,000 is paid, a further benefit of up to $2,500 may also be payable. Reimbursement of the reasonable costs of a fully documented financial plan prepared by an Authorised Financial Adviser.
Future Insurability The Trauma cover can be increased without further medical evidence on the occurrence of certain events: Stopping work to take full time physical care of a dependent relative Taking out a Mortgage Civil Union Death of the Spouse, partner, or child Having a child Getting Married
Relocation to New Zealand Benefit This benefit will pay an economy airfare up to a total of $10,000 if you are suffering from one of the trauma conditions while living overseas for more than three months. This can be paid once during the period of cover.
Standalone Conversion The Standalone cover can be converted to Accelerated with an equal amount of life cover, before a client turns 60.
OPTIONAL BENEFITS Trauma Cover
Optional Benefits: Business Future Insurability Option Trauma Cover Reinstatement Option Life Cover buy-back Children s Trauma Cover Waiver of Premium Cover Inflation Protection Total and Permanent Disability option Continuation Option
OPTIONAL BENEFITS 1. Business Future Insurability Option 2. Life Cover buy-back Allows you to increase cover as your business changes*. Opportunity to "buy-back" the life cover amount paid after one year without any health evidence*. No further medical evidence will be required though financial evidence may be required. *Conditions Apply. Not Available with Level Term or Mortgage Protection.) *This buy back option may be available after 6 months for certain events.
OPTIONAL BENEFITS 4. Total and Permanent Disability option 3. Waiver of Premium Cover Provides financial protection against total and permanent disability with a lump sum payment. The premiums due on the policy after the waiting period ends will be waived and premiums paid during the waiting period will be refunded.
OPTIONAL BENEFITS 5. Trauma Cover Reinstatement Option 6. Children s Trauma Cover Allows to reinstate trauma cover (standalone/accelerated) 12 months after a trauma claim (conditions apply). The trauma cover can be taken out as a standalone cover up to $60,000 which includes the trauma conditions listed . All of the options require payment of an additional premium.
OPTIONAL BENEFITS 8. Continuation Option 7. Inflation Protection Allows the policy to continue with the same level of cover on a YRT basis at expiry of policy term or to take up another level term policy. Choose to have your policy cover increase each year by the greater of 2% or the CPI. There will be an advise each year of the increased sum assured and the new premium. Applies to Level Term only.
Trauma Cover Conditions Trauma Cover
Trauma Cover Conditions Accidentally acquired HIV Adult onset insulin dependent diabetes mellitus# Alzheimer s disease/Dementia# Angioplasty*# Aorta surgery* Aplastic anemia Benign brain tumor Cancer*# Cardiomyopathy Cerebrovascular accident (stroke)* Chronic liver failure Chronic lung disease Chronic renal (kidney) failure Cognitive Impairment Coma Coronary artery bypass surgery* Creutzfeldt-Jakob disease Encephalitis Heart valve surgery* Intensive care Loss of independent existence Loss of limbs and/or eyes# Loss of speech Major head trauma Major organ transplant * Three month stand-down from commencement applies. # A partial advance payment of the Trauma Cover can apply to these conditions. This applies to some cancers. Refer to the Policy Wording for full definitive details and conditions.
Trauma Cover Conditions Meningitis /meningococcal disease Motor neuron disease Multiple sclerosis# Muscular dystrophy# Myocardial infarction (heart attack)* Occupationally-acquired HIV Open heart surgery Out of hospital cardiac arrest* Parkinson s disease# Pneumonectomy Paralysis: -diplegia -hemiplegia -paraplegia -quadriplegia -tetraplegia Parkinson s disease# Pneumonectomy Primary pulmonary hypertension Severe burns Severe osteoporosis# Severe rheumatoid arthritis# Systemic sclerosis Total blindness Total deafness * Three month stand-down from commencement applies. # A partial advance payment of the Trauma Cover can apply to these conditions. This applies to some cancers. Refer to the Policy Wording for full definitive details and conditions.
