Trauma cover for business.

Trauma cover for business.

Support for your business if the unexpected happens.

What is Trauma cover?

When it comes to serious medical issues or illness, you can’t afford to muck around. Nobody wants to have to think about this stuff, but you probably won't be able to work as usual, and your care costs can mount up quickly. Trauma cover takes away a lot of the financial pain, so you can focus on getting better while covering medical and recovery costs – and keep your business supported.

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Features.

  • Entry age for the insured person is from age 16 to 64 (69 if you’re taking it as an accelerated benefit).
  • Provided you keep paying your premium, your insurance ends at age 70, unless you have an accelerated benefit in which case you’ll be covered for life.
  • You can pay fortnightly, monthly, quarterly, half-yearly or yearly.
  • You can choose to help protect your cover against inflation proof by having the amount you’re insured for increase each year.
  • A 3-month waiting period applies to some conditions.
  • There are two types of payments; yearly renewable payments fixed for one year at a time, and normally increase in line with age, OR level term payments are fixed for the life of the policy.
  • Talk to an adviser about the right amount of cover for you.
  • You can have Trauma cover as a standalone product or added as an accelerated benefit that taken from your Business life cover policy – ask us how.
Read info sheet

More about Trauma cover.

more...
  • What is it?
  • Why should you get it?
  • What’s the deal?
  • Anything else?

What is it?

Trauma cover for business pays out a lump sum if you suffer from a serious illness that you’re insured for, like a heart attack, cancer, stroke, angioplasty and more.

Why should you get it?

It’s a great way to take off some of the financial pressures. And if it’s a serious illness which means that you are unable to return to the business, the funds can be used to repay debt or if a transfer of shareholdings is needed.

What’s the deal?

You pay an amount of money (called a ‘premium’) for a policy. The policy is a contract so you know exactly what we’ll pay out for. As long as you keep paying for your insurance with us, and the policy terms and conditions have been met, we’ll pay out for everything we agreed.

Anything else?

With business growth comes increased risk. You can increase the value of a person’s cover when certain financial changes happen in the business before the age of 55 without needing to give us medical evidence (check out the info sheet for details, there are a few conditions). While medical evidence isn’t needed, we will need to see financial evidence to support the need for the increase in cover. (You can increase your cover at any time up to age 75 though, but we may need to do health and financial checks.)

Questions? Start here.

We’ve compiled a list of the most commonly asked questions about this cover.
For a good overview of the ins and outs, it’s worth reading the info sheet.

Why choose Fidelity Life.

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* Fidelity Life has an A- (Excellent) financial strength rating from A.M. Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit fidelitylife.co.nz/about-us/our-financial-strength/

Disclaimer – the information contained in this webpage is a convenient summary of the key points of this insurance policy and is general in nature. It is not, and is not intended to be, a policy document.

Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the full policy documentation which is available from your financial adviser. Please refer to current policy wordings for specific details. This webpage does not provide a personalised financial advice service.