Trauma Insurance: Be Protected

Tue Oct. 17th 2017

No one wants to contemplate suffering a serious illness, but the sad fact is that many people can and do face this challenge every day, often with a devastating impact on their families and their financial situation. Protecting yourself and those closest to you with Trauma insurance is a sensible precaution and gives you peace of mind that should the unthinkable happen, you and your family can manage financially. And so in this article,we look in detail at trauma insurance including what it is and what it covers.

What is Trauma insurance?

Trauma insurance will pay you a lump sum if you suffer any of the critical illnesses listed in the policy. Conditions covered include cancer, heart attack, stroke or dementia. Suffering a major illness or a potentially life threatening one can have a significant financial impact. Fighting the illness will take up all your focus and energies and Trauma insurance will free you up from having the additional worry of money on top of everything else. It also means that the financial health of your family will be protected at a time when you may not be able to carry on working.

What can the money be used for?

Quite simply, the money can be used for whatever purpose you think is best. You can use it to pay the mortgage, keep on top of household bills or perhaps to pay for a holiday to aid your recuperation. You can also use it to help reduce debt, purchase specialized equipment, pay for home modifications, create an investment fund to generate ongoing income or enable the ownership restructuring of any businesses you may have an interest in. The lump sum is there to help and support you in whatever way is necessary.

I'm fit and healthy, I don't need Trauma insurance, do I?

It's great that you're fit and healthy now, but consider these startling facts:

• One third of deaths in NZ are caused by cancer
• Every 90 minutes a Kiwi dies from heart disease
• About 2,500 New Zealanders die of a stroke every year
• Approximately 100 people per annum are diagnosed with a spinal cord injury.

And these aren't just uncomfortable statistics – every one of them is a real person, just like you and I.

Abigail's story

Abigail is a client of Cave Financial who unfortunately knows just how important it is to have Trauma insurance. Her husband Peter was sadly diagnosed with cancer and had to give up work. The couple's son also stopped working to care for his dad and their daughter returned to the family home too. And Trauma insurance meant the family had the financial freedom to spend as much time as possible with Peter supporting him throughout his devastating diagnosis. They didn't have to worry about paying the mortgage or keeping on top of household bills. And the value of that during a very difficult and challenging time cannot be underestimated.

Contact Cave Financial for peace of mind

We all hope that serious illness isn't on the cards for us, but isn't it better to be protected just in case? Get in touch with us here at Cave Financial and we can ensure your family is protected whatever the situation.