Trauma is calculated in 2 steps:
Step 1: Establish an annual income amount that you wish to provide for. The adviser can nominate how much they want to cover within the insurance needs template. Additionally, they are able to specify whether they would like to cover the gap between the maximum Income Protection available and current salary.
Step 2: To calculate the lump sum required upfront the adviser can either specify an amount, or select specific diseases they want to account for. Default values for common trauma events are provided by PrimeSolve.
Default cover for specific trauma events:
| Trauma event | Cover amount |
|---|---|
| Alzhimer’s | 10000 |
| Angioplasty | 10000 |
| Aplastic anaemia | 10000 |
| Benign brain tomor | 20000 |
| Blindness | 10000 |
| Brain surgery | 20000 |
| Cancer | 120000 |
| Corenary artery | 10000 |
| Deafness | 15000 |
| Dementia | 20000 |
| Diabities | 5000 |
| Endometriosis | 20000 |
| Head trauma | 20000 |
| Heart attack | 20000 |
| HIV infection | 5000 |
| Kidney failure | 20000 |
| Liver failure | 20000 |
| Loss of limbs | 20000 |
| Lung failure | 20000 |
| Major burns | 20000 |
| Meningitis | 20000 |
| Motor Neuron Disease | 20000 |
| Multiple sclerosis | 10000 |
| Osteoporosis | 20000 |
| Paralysis | 20000 |
| Paraplegia | 380000 |
| Parkinson’s Disease | 20000 |
| Quadriplegia | 590000 |
| Stroke | 150000 |
An example of how trauma is calculated is provided below:
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