What is the best trauma insurance?

Living insurance, known as “critical illness”, “trauma” or “major medical”, is the policy that pays a lump sum if you are diagnosed and survive 14 days from an extensive list of over 48 medical conditions. It also pays a lesser sum, generally 20% or up to $100,000, on a secondary list of early stage conditions/ events. This money will enable you  to fund care, rent/mortgage and all outgoings and will also allow you to retire any immediate pressing debt, fund unforeseen medical costs and it will allow you to focus on recovery without financial stress.

Once you are paid a full claim the policy ceases. Some policies offer a reinstatement of the contract after 13 months but do not ever cover again the condition that caused the original claim.

Introducing Asteron’s new ‘Continuous Trauma‘ benefit 

Asteron has just released what I view as one of the most valuable upgrades to living insurance policies in the form of ‘Continuous Trauma’ benefit.

‘Continuous trauma’ benefit means the policy is not cancelled and continues to protect you for all other conditions. After three years the condition that caused the claim is also reinstated and this process can continue for two further claims during the course of the contract.

Let me give you a real life example of the value of ‘Continuous Trauma’   

I am living proof of the value of this new upgrade benefit.

As many of my clients know, I had a heart attack in 2015 and three months later was diagnosed with unrelated cancer of the bladder. Had this contract extension been around then, I would have been paid out twice! (I am pleased to advise I am totally clear on both counts now.)

I am recommending to all my clients to add a ‘Continuous Trauma‘ benefit to their existing trauma policy.

Level Premium

I am also strongly recommending that your current trauma policy (if not already) be converted to level premium to at least age 65. Statistics show one in three persons will have a trauma claim between 25 and 65 years of age.

Level premium averages your premium cost through to expiry either age 65 or 70. The premium will remain constant throughout the term and will only increase by an inflation adjustment if it is applied to the policy. Yearly stepped insurance premiums increase annually and are calculated actuarilly on your age next birthday.

Trauma insurance policies generally are cancelled from age 50 onwards not because you do not want the policy but because you cannot afford the increasing premiums, which are age based. As you get older the likelihood of health failing rises and the premium increases accordingly.

What do you need to do?

1. To upgrade to ‘Continuous Trauma’  

A new application is required to be completed and will need to be submitted for underwriting prior to obtaining this upgrade.

A link is below to the KSL Insurance website for you to download in PDF an application form which I would ask that you complete in full and email to me if you wish to add this benefit to your current policy. On receipt, I will generate a quote for both the ‘Continuous Trauma’ benefit and the conversion to level premium and apply for these benefits on a “pre-approval” basis which is a non-committal position to establish if this continuous insurance upgrade is available to you.

2. To convert from yearly stepped to level premium

Complete the attached form, sign and return to me as there is no underwriting required, merely a change of bank authority value which can be done with your existing direct debit form.

Arrange a meeting 

Alternatively please contact me for a sit down to undertake an upgrade review and/or a full audit of your current insurance programme.

I trust this update is of value to you. As my business grows by referral, please pass this information on to anyone you feel may have a need for this product and/or my services.


Continuous Trauma Benefit Brochure

Continuous Trauma Information Sheet

Trauma Recovery Brochure

Application Form to Upgrade to Continuous Trauma

Application Form to Upgrade from Yearly Stepped to Level Premium