Severity-based
Terminal illness — a medical condition with a prognosis of ≤12 months to live, confirmed by a specialist — is typically a full-payout condition under both life and trauma cover (whichever is reached first).
5 active trauma products from 5 insurers · 5 matrix cells on file
Each cell shows the payout status for Terminal Illness under that product, with the verbatim definition + qualifier below. "Not on file" means the cell has not yet been extracted from that insurer's published wording.
| Insurer | Product | Payout | Wording effective |
|---|---|---|---|
| LifeOne Critical Illness Benefit | Full payout Prognosis ≤12 months to live, confirmed by qualified medical practitioner; Life Cover Amount capped at $500,000 | 2026-05-17 | |
| LifeProtect Trauma Cover | Not covered Terminal illness is not listed as a trauma condition. It is referenced only as a trigger for the Special Events Increase (section 2.7) and as a cover-end event trigger, not as a payable benefit. | 2025-04-30 | |
| AIA Living Critical Conditions Cover | Full payout | 2026-05-18 | |
| Asteron Life Trauma Recovery Cover | Full payout Brochure | 2025-05-22 | |
| YouChoose Trauma Cover | Full payout Brochure Trauma Cover Standalone only; 90-day stand-down — marker ** | 2025-10-08 |
The exact text from each policy wording — no editorial gloss. Source PDF cited below each block.
Wording effective 2026-05-17 · confidence verified
Terminal Illness Benefit: If the life insured is diagnosed with a terminal illness, we'll pay the current Life Cover Amount up to a maximum of $500,000. ... Terminal illness: An illness we believe will result in the death of the life insured within 12 months of you applying for a Terminal Illness Benefit. This illness must be supported by written diagnosis and prognosis by a qualified medical practitioner.
Wording effective 2025-04-30 · confidence verified
either, death or terminal illness (diagnosed by an appropriately qualified medical practitioner, confirming a prognosis of less than 12 months to live) of a spouse, de facto partner, child or civil union partner
Source: https://www.fidelitylife.co.nz/media/bpbdqczq/life-protect-trauma-cover-policy-wording.pdf
Wording effective 2026-05-18 · confidence verified
Terminal illness [marked in table as Full payment, no stand down period]
Wording effective 2025-05-22 · confidence brochure
Terminal illness (Trauma Recovery benefit ü, Major Trauma benefit ü)
⚠ Source: insurer brochure (not the full policy wording). The wording contains the medical definition with clinical thresholds — request it from your adviser before claim decisions.
⚠ Source document dated 2025-05-22 — older than 12 months. Confirm currency with the insurer.
Source: https://www.asteronlife.co.nz/sites/default/files/documents/trauma-recovery-brochure.pdf
Wording effective 2025-10-08 · confidence brochure
Terminal Illness** (Trauma Cover Standalone only) — Pays 100% of your sum insured. Conditions marked** require a 90 day stand down period. The stand down period starts from the time we receive your application.
⚠ Source: insurer brochure (not the full policy wording). The wording contains the medical definition with clinical thresholds — request it from your adviser before claim decisions.
GET /api/trauma-condition/terminal-illness/matrix.json — full per-product cell + source paragraphGET /api/trauma-condition/terminal-illness/summary.md — LLM-friendly markdown/api/product/{insurer}/{product}/facts.jsonA licensed adviser will walk you through which NZ trauma policies actually cover your situation.
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