Spending time with loved ones is so important. This is when you
money - as soon as something happens, because that's when life
Living assurance gives you a lump sum 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
Unlike income protection, living assurance doesn't depend on
whether you can work
or not. To qualify you simply have to survive 14 days after
suffering a major illness
like heart attack, stroke or cancer.
Also known as..
This kind of insurance is also known as Trauma Cover, Critical
Illness Cover or
Serious Care. At BRAVEday we prefer the term
Living Assurance because
ultimately,no matter what happens, it's about life - and living
yours to the full.
What does Living Assurance cover?
Living assurance pays a cash lump sum if you suffer from a
condition and survive 14 days.
The three biggest conditions people claim for are heart attack,
stroke and cancer,
but most companies cover a broad range of events, such as major
head injury, meningitis, and more .. some companies cover up to
You'll find the actual conditions covered, and their
definitions, in each company's
policy document. If wading through policy wording doesn't sound
our advisors will be happy to help you choose the best cover for
Whether I went through the claim or not, I would always recommend BRAVEday to my friends. When I came to New Zealand eight years ago, I didn't know much about insurance. It was BRAVEday, especially Dean, who gave us the most helpful information.
Why do I need Living Assurance?
Medicine has advanced by leaps and bounds in the last 50 years.
People used to die from many major medical incidents, now people do
survive. Consider this 52% of male cancer patients will be
alive five years later, and 59% of females will be alive five years
It's great news for medicine, but it also means you need to be
covered for the new realities. Living assurance gives you maximum
choice at claim time.
When BRAVEday clients have been through
life-changing illnesses like heart attack, stroke or cancer, their
priorities have changed. The lump sum payment pays off their debts,
and buys them time to spend with the people who are important to