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What would happen if you fell seriously ill?


Everyone knows someone that has had cancer, a heart attack or a stroke. It's a time of massive uncertainty for the person that gets sick, as well as everyone around them. That's when you need money the most because that's when your lives go on hold.

What is Trauma Cover?

Trauma insurance pays you a lump sum if you suffer a predetermined health condition and survive 14 days. Most of the claims we see are for cancer, heart attack and stroke.

Trauma insurance covers a broad range of events, such as major burns, major head injury, 
meningitis, and more...

The first people I rang were my family closely followed by my insurance advisers - BRAVEday.

My first panicky fears were about running my business and how I was going to do that. I knew that with the amount of surgery, chemo, radiotherapy that was coming up I wasn't going to be able to do the work that I have always done. Changes had to be made.

The team at BRAVEday were with me immediately to go over my policies and how they would be able to help me going forward...

... My trauma payment has bought me time, security and choices that I would not have had before. It has taken a lot of financial stress from my life.

Sue Fleischl

Why do I need Trauma Insurance?

Medicine has advanced by leaps and bounds in the last 50 years. People used to
die from many serious medical conditions but now have a much greater chance of
surviving. Consider this, 52 per cent of male cancer patients and 59 per cent of female cancer patients will be alive five years after diagnosis.

When you have been through a life-changing illness such as cancer, heart attack or
stroke, priorities change. Spending time with loved ones becomes so much more
important. This is when you need money – as soon as something happens, because
that's when life changes!

Trauma provides you with a lump sum payment that leaves the choice in your hands - you may want to pay off the mortgage, fly to Disneyland or just spend time with your family without having to worry about where the money will come from.

Unlike Income Protection, Trauma doesn't depend on whether you can work or not. To qualify you need to survive 14 days after being diagnosed with a covered condition such as cancer, heart attack or stroke.


Do I have the right cover?

There are different ways you can structure your cover which will make a massive difference to you at claim time.  We always recommend a 'Stand Alone' benefit when available.

When a claim is paid under a Stand Alone benefit, the pay-out does not affect any other benefits that you have i.e. if you have $500,000 Life Insurance and $200,000 Trauma, and you make a claim, you receive a pay-out of $200,000 and your Life Insurance benefit will remain at $500,000.

With an Accelerated benefit, your Trauma benefit is linked to your Life Insurance benefit.  If you make a claim under your Trauma cover, your Life Insurance benefit will reduce by the amount that is paid out i.e. if you have $500,000 Life Insurance and $200,000 Trauma cover, and make a claim, you will receive a pay-out of $200,000 and your Life Insurance benefit will reduce to $300,000.


Does it pay to have trauma insurance? 

Absolutely, without a doubt. Just look at our trauma insurance claim payout statistics:

Gender Age At Claim Occupation Health Issue Claim Amount
M 36 Corporate Executive Malignant Brain Tumour $1,426,300
M 51 Company Director Melanoma $1,088,000
F 45 Accountant Melanoma $1,000,000
M 44 Company Director Colon Cancer $1,000,000
F 49 Company Director Breast Cancer $773,000
F 57 Company Director Melanoma Clark level IV $550,000
F 35 Homemaker Breast Cancer $517,895
F 45 Advertising Executive Kidney Cancer $377,937
F 51 Homemaker Brain Tumour $367,793
M 52 Company Director Heart Condition $300,499
F 50 Company Director Cervical Cancer $266,000
F 42 Beautician Breast Cancer $265,000
M 49 Company Director Cancer $264,963
F 46 Corporate Executive Breast Cancer $258,936
M 45 Marketing Manager Thyroid Cancer $250,000
F 46 Corporate Executive Breast Cancer $212,000
M 56 Lawyer Prostate Cancer $206,960
F 57 Retired Lung Cancer $187,588
M 44 Account Executive Heart Attack $167,504
F 39 HR Manager Cervical Cancer $167,000
M 58 Company Director Prostate Cancer $166,105
F 35 Homemaker Stroke $157,000
M 45 Armed Forces Thyroid Cancer $120,000
M 54 Photographer Kidney Cancer $118,732
F 63 Retired Bowel Cancer $111,559
F 49 Homemaker Melanoma Clark level III $110,000
F 49 Legal Executive Breast Cancer $100,000
M 32 Advertising Executive Hodgkin's Lymphoma $87,500
F 59 Homemaker Stomach Cancer $56,510
M 60 Actor Aortic Aneurysm $53,000
M 58 Teacher Melanoma $52,660
M 59 Journalist Prostate Cancer $51,872
F 53 Homemaker Breast Cancer $51,000
M 57 Upholsterer Heart Attack $50,401
F 52 Administrator Benign Brain Tumour $50,000
F 35 Corporate Executive Benign Brain Tumour $37,500
F 42 Florist Parkinson’s Disease $12,968

Can I fix my Trauma Insurance premiums?

Yes you can.

There are a couple of options available; your adviser can take you through these to find the one that's best for you.

Protect your health and finances. Get in touch.

The material contained on this website is provided for general information purposes only and does not constitute legal or other professional advice. Brave Day Limited does not accept any responsibility for any loss which may arise from reliance on information contained on this site.