Life doesn't always follow the path we expect. A serious illness or injury can change everything, not just for you, but for those who rely on you. While medical treatment is the immediate priority, the financial impact of a health crisis can add a heavy burden of stress at exactly the wrong time.
That is where PPS Mutual Professionals' Choice Trauma Cover comes in. Here at Naked Finance, we are proud to offer this comprehensive protection to help ease the financial impact so you can focus on what matters most, your health and recovery.
More Than Just a Payout
When we talk about trauma insurance, the first thing that often comes to mind is a lump sum payment upon diagnosis of a serious condition. And yes, PPS Mutual Trauma Cover provides that, 100% of your sum insured is paid if you are diagnosed with a condition that meets their defined medical criteria.
But this product is so much more than a simple payout. It is designed to give you control over your finances at a time when you need financial assistance the most. You can use the payout in the way that best supports your recovery and peace of mind, whether that is covering everyday expenses, funding treatment not covered by the public system, or taking time off work to rest and recover.
Comprehensive Coverage for a Wide Range of Conditions
PPS Mutual Trauma Cover provides protection for an extensive list of serious health conditions, giving you broad coverage when you need it most. The cover includes:
- Cancer conditions, including malignant tumours, melanoma of specified severity, and specified early-stage cancers.
- Cardiovascular conditions, such as heart attack, stroke, coronary artery bypass surgery, and angioplasty.
- Other serious conditions, including Alzheimer's disease, Parkinson's disease, multiple sclerosis, major organ transplant, coma, paralysis, and many more.
This broad coverage means you are protected against a wide spectrum of life-altering health events.
The Built-In Benefits That Make a Real Difference
One of the things we love most about this product is the extensive range of benefits that come as standard. Let's break down what you are getting:
- Support for Your Family: The Dependent Child Trauma Benefit pays a lump sum (up to $50,000) if a dependent child (from 3 months to 24 years of age) suffers a covered condition. The Newborn Baby Benefit provides a payment if a dependent child is born with specified congenital conditions.
- Support for Your Financial Future: The Trauma Cover Protector Benefit applies a credit equivalent to 12 months of current premiums to your policy from the claim event date, helping to keep your cover in place during a difficult time.
- Practical Help When It Counts: This is where PPS Mutual really shines. They understand that the financial impact of a serious illness extends beyond just the immediate medical costs. The policy includes:
- Professional Advice Benefit: $3,000 to cover legal or financial advice fees after a claim is made.
- Counselling Benefit: Up to $3,000 to cover fees for a psychiatrist, psychologist, or counsellor for the life insured or an immediate family member.
- Return to Home Benefit: Reimbursement of up to $10,000 for a one-way flight back to New Zealand for you and a support person if your diagnosis occurs overseas.
- Accommodation and Transport Costs Benefit: A $3,000 lump sum if you need to receive treatment at least 100 kilometres away from your main home.
- Future-Proofing Your Cover: The Specified Life Event Increase Feature allows you to increase your sum insured without further underwriting following major life events like getting married, having a child, or buying a house.
Optional Benefits to Suit Your Needs
Beyond the comprehensive built-in cover, you can tailor your policy further. Key optional benefits include:
- Optional Partial Payment Conditions: Allows you to claim 25% of your sum insured (up to $100,000) for specified early-stage conditions, providing crucial support when you first need it.
- Optional Total and Permanent Disablement Condition: Provides an additional payment if you meet the criteria of being totally and permanently disabled.
- Optional Buy Back Features: Automatically reinstates your sum insured after a claim, ensuring your cover continues to protect you.
Standalone or Accelerated Cover
Trauma Cover is offered both as a standalone cover and as an accelerated benefit linked to a specific Life Cover policy. If an accelerated benefit is issued, payment of all or part of the Trauma Cover sum will reduce the sum insured under both the Trauma Cover and the linked Life Cover. Your adviser can help you decide which option best suits your needs.
Why Choose PPS Mutual Through Naked Finance?
Here at Naked Finance, we believe in cutting through the jargon and making insurance simple and easy to understand. We partner with leading providers like PPS Mutual to offer you high-quality, tailored protection that gives you and your family genuine peace of mind.
Ready to take the next step?
Contact the team at Naked Finance today. We will take the time to understand your unique story, explain your options in plain English, and help you build a personalised plan that protects what matters most to you.
Disclaimer: This blog provides general information only and does not constitute financial advice. Please consult the PPS Mutual policy wording for all terms, conditions, limitations, and exclusions or chat to a Naked Adviser.