TRAUMA
INSURANCE

Medical expenses can be overwhelming, especially if you are still not well. Trauma Cover helps you to cover costs like mortgage payments, rehabilitation, and medical treatment if you become ill or are injured.

If you do suffer a trauma, trauma cover will provide you with a lump sum payment that makes it easier to cope with both the trauma and your expenses.

Wright Financial works with key partners to offer you the right type of benefit that fits your budget while ensuring you are properly covered.

Here we review the major features of our top providers.

The following information is provided as a guide with which to compare quality Trauma Cover Insurance providers available in NZ. Here we identify similarities and subtle unique differences specific to each insurance provider, as per their brochures, giving you the opportunity to tell us why this provider is right for you.

Note, when you take out Trauma Cover insurance, your insurer relies on information you provide to calculate your premiums and the terms of your cover. You have a duty to disclose material facts that would influence the judgement of a prudent insurer. Material facts may relate to your age, your medical history, and whether you smoke.

Contact us today for free no obligation financial advice.

Compare Insurance Provider Benefits

The following information is provided as a guide with which to compare quality Critical Illness or Trauma Cover Insurance providers available in NZ. Here we identify similarities and subtle unique differences specific to each insurance provider, as per their brochures, giving you the opportunity to tell us why this provider is right for you.

Sovereign Cover

SPECIAL EVENTS INCREASE BENEFIT

The Special Events Increase Facility enables you to increase your Living Assurance Benefit following major life changes for the life assured without further medical assessment.

LIVING ASSURANCE ESSENTIAL OR COMPREHENSIVE POLICY TYPE CHOICES

Essential policies provide cover for over 40 defined critical medical conditions. For 10 of the conditions you are entitled to full payment and for the remaining 30 defined conditions, you are entitled to partial payment.

CHILDREN'S TRAUMA BENEFIT

If a child of the life assured suffers a covered condition, the Children’s Trauma Benefit will pay a benefit of 50% of the sum assured (up to $20,000).

NEWBORN CHILDREN'S BENEFIT

If a biological child of the life assured is born with one of five defined congenital conditions, the Newborn Children’s Benefit will pay a benefit of 50% of the sum assured (up to $20,000). A 12-month stand down period and 30-day minimum survival period applies.

About Sovereign Cover

After taking care of New Zealanders for the past 25 years, Sovereign is turning insurance on its head by dedicating ourselves to helping you take charge of your health.

Sovereign has an A.M. Best financial strength rating of A+ (Superior)*.

* Given by A.M. Best Inc., an approved insurance rating agency.

Fidelity Life Trauma Cover

RELOCATION TO NZ BENEFIT

If you suffer from one of the trauma conditions (while living overseas for more than 3 months), this benefit will pay an economy airfare up to $10,000 for you and, where necessary, a support person to be flown directly back to New Zealand.

FUTURE INSURABILITY ON SPECIAL EVENTS

In certain events such as getting married or having children, you can increase your trauma cover without a medical assessment.

STANDALONE CONVERSION BENEFIT

You can convert your standalone cover to accelerated cover with an equal amount of life cover before you turn 60 effectively reducing your Trauma premiums.

IN-BUILT CHILDREN'S BENEFIT

At no additional cost, all of your children (either birth or legal adoption) aged between 2 and 20 (inclusive) 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 on of the Trauma conditions.

About Fidelity Life:

Fidelity Life (founded in 1973) with a vision of a New Zealand-owned and controlled company where advisers and staff could "have their say" and provide direct input into the company and its products. 

Fidelity Life has an A.M. Best financial strength rating of A- (Excellent)*.

* Given by A.M. Best Inc., an approved insurance rating agency.

Partners Life Trauma Cover

RETURN TO HOME BENEFIT

Pays up to $10,000 to cover the costs of an airfare to return home if the life assured who has been working overseas suffers a trauma condition.

FUTURE INSURABILITY OPTION

You can increase your Trauma Cover sum (up to certain limits) each year without an additional medical assessment.

SPECIAL EVENTS INCREASE BENEFIT

Allows cover to be increased when special events occur without further assessment of health.

ACCOMMODATION AND TRANSPORT BENEFIT

Assists with the travel and accommodation costs of a necessary support person when the life assured needs treatment outside their residential region.

IN-BUILT CHILDREN'S COVER

Pays up to $50,000 per dependent child if they suffer one of the Trauma or Severe Trauma conditions covered.

About Partners Life:

Partners Life is a relatively new company to the Life Insurance market in New Zealand (approximately 6 years).

We understand how difficult and stressful it can be when it comes time to submit a claim and at Partners Life there are no surprises or shocks. We have a philosophy embedded into the fabric of the company that all genuine claims are paid as quickly and with as much empathy as possible.

Partners Life has an A.M. Best secure rating of B++ (Good)*.

* Given by A.M. Best Inc., an approved insurance rating agency.

AIA Trauma Cover

RETURN TO HOME BENEFIT

Will pay up to $10,000 to cover the costs for you and one support person to return home from overseas for care.

FUNERAL BENEFIT

Pays up to $12,500 of your Trauma cover to help with your funeral expenses, standalone cover only.

SPECIAL EVENTS INCREASE BENEFIT

You may be able to increase your cover without any additional medical underwriting following any of the AIA listed special events for the life assured if one of these special events occur before you turn 65.

OPTIONAL CHILDREN'S TRAUMA COVER

Choose the optional children’s trauma cover and receive $75,000 should your child (between the ages of 3 – 21) suffer from one of the specified illnesses.

IN-BUILT CHILDREN'S BENEFIT

If your child has a major trauma this benefit will pay you $50,000 or 20% of your cover, whichever amount is lower. Available for children aged 3 - 21 years old.

About AIA:

We’ve been helping New Zealanders since 1981. And as part of the AIA Group, one of the largest life insurance companies in the Asia Pacific region, our customers have the assurance that we’ll always be there for them when it counts, whatever life may bring.

AIA has a Standard & Poor’s (Australia) Pty Limited financial strength rating of AA- (Very Strong).

* Given by Standard & Poor’s (Australia) Pty Limited, one of the world's leading providers of independent credit risk research across industries and benchmarks, asset classes and geographies

Asteron Life Trauma Recovery

SPECIAL EVENTS INCREASE BENEFIT

The Special Events Increase benefit enables you to increase your Trauma Cover following major life changes for the life assured without further medical assessment.

EARLY TRAUMA BENEFIT

Makes a partial payment (the greater of $10,000 or 20% of your total cover) for an additional 19 conditions such as Parkinson’s or Multiple Sclerosis. This is paid in addition to the existing 43 Trauma conditions covered.

IN-BUILT CHILDREN'S COVER

Receive free trauma cover for children and grandchildren of up to $10,000 with the option to increase your cover to up to $200,000 with just an additional $1/month for each child.

EARLY STAGE CANCER BENEFIT

You’ll receive an advance payment of part of your Trauma Recovery Cover if you’re diagnosed with early stage cancer.

6 MONTH PREMIUM HOLIDAY BENEFIT

Available once only through the lifetime of the policy (you must be at least 6 months into the policy) if you have paid premiums and the policy has been continually in force for at least 6 months and: the insured person becomes involuntarily unemployed or the insured person is made bankrupt or suffers financial hardship.

NEEDLESTICK BENEFIT

For those who work in the medical and emergency service industry, the Needlestick benefit helps to ensure you can protect yourself against the financial impact of contracting Hepatitis B or C or HIV.

About Asteron Life:

To Asteron Life, life insurance is all about getting the most out of today – knowing that if things go wrong, you’ve got plans in place. Asteron Life has been named New Zealand’s Best Life Insurance Company and Women’s Employer of the Year for 2015.

Asteron Life has a Standard & Poor’s financial strength rating of A+ (Strong).

* Given by Standard & Poor’s, one of the world's leading providers of independent credit risk research across industries and benchmarks, asset classes and geographies

OnePath Trauma Cover

RETURN TO HOME BENEFIT

Off-shore transport to home costs are covered.

SPECIAL EVENT INCREASES TO 75% OF SUM ASSURED

Allows you to increase your cover for a range of ‘lifestyle events’ e.g. if you get married, have a baby, or buy a new house – no health questions asked.

ACCOMMODATION AND TRANSPORT BENEFIT

Accommodation and transport allowance for a support person.

About OnePath

We’ve been paying claims for over 12 years and throughout that time, we have remained committed to our philosophy of doing what’s right by our customers every time. That means we look for ways to pay claims – not how to get out of paying claims.

OnePath has a Standard & Poor’s (Australia) Pty Limited financial strength rating of AA- (Very Strong).

* Given by Standard & Poor’s (Australia) Pty Limited, one of the world's leading providers of independent credit risk research across industries and benchmarks, asset classes and geographies.

"When you take out Trauma Cover insurance, your insurer relies on information you provide to calculate your premiums and the terms of your cover. You have a duty to disclose material facts that would influence the judgement of a prudent insurer. Material facts may relate to your age, your medical history, and whether you smoke."

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