Severe Trauma Cover
Severe Trauma Cover provides a lump sum payment should you suffer one of the covered conditions. Covered conditions are by nature serious and potentially life threatening and, as a result, can have a significant financial impact. Severe Trauma Cover 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 ownership to be restructured, among other things. The purpose of the funds is entirely yours to decide.
How it differs from Trauma Cover
While Trauma Cover’s exhaustive list of covered conditions and smaller partial payments for less severe conditions provides an excellent level of protection, companies recognise it can also be quite expensive. By focusing on covering conditions only once the impact is severe and will have the biggest impact on your way of life and ability to earn an income, it has been possible for Severe Trauma Cover to be priced significantly cheaper than standard Trauma Cover.
Severe Trauma Cover offers the majority of the same conditions as Trauma Cover, and most with identical criteria while some conditions such as cancer, heart attack and stroke require a greater level of severity before a claim would be paid. There are also some additional conditions under Severe Trauma Cover which are not specifically covered under Trauma Cover, such as severe congestive cardiac failure, for example.
Combining covers for greater protection
Severe Trauma Cover works best when combined with Trauma Cover to provide a severity-based insurance solution. Smaller payments can be made for less severe events under Trauma Cover while suffering a Severe Trauma Condition will almost always result in both the Trauma and Severe Trauma Cover benefits being paid. Early payment of Life Cover benefit Severe Trauma Cover is accelerated, which means in the event of a claim all or part of your Life Cover benefit is paid out.
- Alzheimer’s Disease or Dementia
- Advanced AIDS
- Aplastic Anaemia
- Chronic Kidney Failure
- Chronic Liver Failure
- Chronic Lung Failure
- Cognitive Impairment
- Creutzfeldt-Jakob Disease (CJD)
- Heart Attack
- Intensive Care
- Loss of Independent Existence
- Loss of Limb and Sight
- Loss of Limbs
- Loss of Speech
- Major Burns
- Major Head Trauma
- Motor Neurone Disease
- Multiple Sclerosis
- Muscular Dystrophy
- Organ Transplant
- Parkinson’s Disease
- Peripheral Neuropathy
- Primary Pulmonary Hypertension
- Severe Congestive Cardiac Failure
- Severe Peripheral Vascular Disease
- Systemic Sclerosis
The above benefits are summary examples only and may not be a full list of benefits which may be available to you. The exact types of cover and benefits will change depending on the insurer and the specific policy. Please contact me for a comprehensive list of benefits available.