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Russell Hutchinson
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Russell Hutchinson Opinion

Opinion: What is trauma for?

Wednesday 24th of June 2009

Trying to stay up with the sudden gear change I wondered about this just a moment too long - and he pounced; launching into a spirited challenge on traditional thinking about trauma insurance.

You see, if insurance is about creating a predictable financial outcome (at least) from a sadly unpredictable part of life, then trauma seems to have only marginal utility. Medical insurance pays to fix you up, disability insurance pays to keep you going financially, and trauma insurance - what does that do?

Sure, you get wads of cash tied to no particular cost. Which creates the brilliant opportunity to recover from your heart attack in the Bahamas, perhaps. Only not if the cause of the disability was depression, or back problems.

Then, if you didn't have comprehensive disability cover, you have twice as much to be morose about, as you wonder why you didn't try eating more butter, or exercising less.

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FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
8 hours ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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