Accelerated trauma
A trauma cover bundled with life cover, where a paid trauma claim reduces the life sum insured.
Definition
On accelerated trauma cover the trauma benefit and life benefit share the same sum insured. A paid trauma claim reduces the life death benefit by the amount paid. Cheaper than stand-alone trauma but the household gets less total cover if both events happen.
See also
- Stand-alone trauma — A trauma policy independent of life cover — a paid trauma claim does not reduce the life benefit.
- Trauma cover — A lump sum paid on diagnosis of one of the defined trauma conditions (e.g. major cancer, heart attack, stroke).
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.