That Home Loan Hub
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That Home Loan Hub
A Cardiac Arrest Changed How We Think About Insurance
A heart can stop on an ordinary afternoon, and the costs start before the shock wears off. We share a candid story of a father-in-law who lost his pulse for twenty minutes, the five-day wait for signs of recovery, and the cascade of questions that follow: How will we pay for care? What if he survives but needs long rehab? Who carries the financial load if savings are thin?
We dig into the practical difference between life cover and trauma cover, showing why survival often creates the biggest bills. Life cover pays on death; trauma or critical condition cover pays when someone lives through a major event and needs treatment, time, and support. We talk expiry ages, policy reviews, and the common blind spot where people assume a parent’s cover is still active when it quietly ended years ago. Our goal is to translate jargon into clear steps so you can protect your whānau without overcomplicating it.
There’s also a frank look at family dynamics. If parents cannot afford premiums, the costs of illness usually land on the children anyway. We explore a simple fix: adult children funding modest policies on behalf of their parents to handle funeral costs, home modifications, or a recovery buffer. It is not about fear; it is about buying choices and calm in a crisis. Along the way, we reflect on a parallel loss in our circle, and how grief, recovery, and money often collide at the worst time.
If you’ve been meaning to review your insurance, consider this your nudge. Check your definitions, confirm expiry ages, and make sure the cover matches the likely costs of recovery. Subscribe, share this with someone who needs a plan, and leave a review with the one question you still want answered—what would give your family the most peace of mind?
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This is something we have not done before. This is an episode of Three Voices. So tune in and listen up about what we've got to talk about. Some serious topics ahead. Hello, Kunch. Hello, Rebecca. Hi. Kioda. Awesome. So, what are we going to talk about today, ladies? I think Kuncha can tell us.
SPEAKER_01:Well, I've been sitting in this room listening to the lovely ladies talk about insurance and life insurance in particular. And it's just resonated with me. And I thought I'd just share some recent events that has happened and how life insurance plays a part in all of that. Okay. Tell me more. Yeah, so probably about a fortnight ago, my father-in-law actually uh suffered a cardiac arrest and actually had no pulse for about 20 minutes. So that was like a huge shock to us because we never thought something like that would actually ever happen. I guess as children as well, we never even it never crossed our minds to even think that our father was even that old. Or not even old, right? Like anyone could suffer a cardiac arrest at any age. And we hear a lot of those stories where, you know, 40-year-olds or 30-year-olds or even younger, you know, can just drop and their heart just stops beating. So I just thought sharing a real life story and the importance of life cover and just hearing Rebecca reiterate the whole the trauma cover, the critical condition cover, and just to get it reviewed, because again, it just I don't think it crosses people's minds until those events happen as well. Whereas, you know, sitting in ICU and we're all going, oh my god, like if worst case scenario, you think about how you're gonna fund a funeral cost and things like that. So I think, yeah, I guess you can tell us how you know we can cover funeral costs and things.
SPEAKER_02:I think as well as not just that, like even if he had woken up but maybe not woken up and been okay.
SPEAKER_00:Because 20 minutes, it's a long time to be out of heart beating, yeah, and blood flowing.
SPEAKER_02:You know, and so they would have been worried about a lot of things, the brain damage or anything really. He could have he could have woken up and have had a lot of issues and being able to pay for his care, even if he'd woken up and been and these are the the things we never even these are the things we never even thought about.
SPEAKER_01:The whole the care thing and stuff. Oh, and thankfully he has he survived and he's actually home now. But you know, it'll be a long road to recovery as well. But yeah, those are the things we don't even think about. So as you know, as an insurance advisor, you you know, you cover all that off and you remind us of all that. Although it's like a really hard topic to even think about, it's it actually is a really good reminder for all of us that we're not all invincible.
SPEAKER_02:Yeah, absolutely. And I think like you said, you don't think or you don't like to think about your parents getting old and we're gonna be grim again, dying. But then what for one of them to suffer something so severe and for you to be sitting there for over a was it over a week until he woke up? Five days. Yeah. So sitting there not knowing if he would wake up and be okay, your brain does go to that, but but it doesn't till that point, right? And that's what you're saying, like a lot of people don't think about it until it affects them. Something happens. Yeah, exactly. So so that's where we try to get in sooner and and try to get that cover because in particular for his situation it would have been the the trauma payout because he survived, so you know, yay, yeah. Good news, the life cover wouldn't pay out. Um that I mean that's great, that's what we want, we don't want but critical conditions is where it would pay, and that's where it would help with any recovery that's needed or any treatment that's needed. And in particular, I mean, as you said, he is older, so there is the worry of if that type of cover is still like still valid, right? Like, has it expired? Because some people will have the cover and it might expire and they're not aware of that. Luckily, a lot of insurers at a minimum, I think the was it 70 is the lowest expiry age, and there's others that go all the way through.
SPEAKER_00:Yeah.
SPEAKER_02:So so there is cover for the older generation. It's just a case of having a chat with us and ask figuring out what you can do.
SPEAKER_00:Yeah. And and it was a very unfortunate week that week because literally uh James's mum passed away, and I recorded an episode with James. So, guys, go back and listen to lessons he's learned through her death, and she also had cancer and she wasn't unwell. And so, you know, so things do happen, and as we age, they also age, and you know what can we do from our our side, but also conch for you. I guess how old is your father-in-law?
SPEAKER_01:68, I think.
SPEAKER_00:Yeah, that's not old at all. That's my mum's age.
SPEAKER_01:Yeah, yeah, and that's scary. It's scary, and it's a reality check, like I said earlier in the uh in our recording, is 68. We don't even think he's old. So as children, we're still like, he's fine. Yeah, you know, still uh still working full time, you know, still driving trucks, and still actually in a physical job that you just never even cross your mind going something like that's gonna happen.
SPEAKER_02:I think as well, though, the way it happened too, like you said, he was just sitting on the couch, right?
SPEAKER_01:You didn't stress him out, you didn't tell him it wasn't yeah, it wasn't anything strenuous or stressed, it just happened, right? You're just sitting there and it happens, so it can happen to anyone.
SPEAKER_00:You didn't tell him you're having another baby or anything.
SPEAKER_01:We went there.
SPEAKER_02:I think that's what we've talked about as well, that even if your parents can't afford the cover, an option there is for you know you as the kids to pay for it before something happens, because end of the day, if something does happen, it will be you guys trying to finance his care or his funeral. Like you guys are gonna be the ones that has to find the money.
SPEAKER_01:Yeah.
SPEAKER_02:So you can have that cover on someone else and pay for it.
SPEAKER_01:It does fall on the children, right? Any household, mostly. Mostly it falls on the children, any family. So, yeah, if you could, you know, work out a simple cover or something just to cover those expenses for the parents.
SPEAKER_02:And that's one less thing to worry about because, like you said, you're sitting there wondering if he's going to wake up, but also trying to figure out the finances. And you don't want to have to be worrying about that on top of everything else.
unknown:Yeah.
SPEAKER_00:Yeah, exactly. Awesome ladies. Thank you so much for sharing. Thank you for sharing your life experience of what has happened. I know there's still a long road to recovery, as you say, but it definitely brings home the reality of things do happen, and we do need to do what we can do, what's within our power, and if we can control something, whether it's monetary, like you know, if we can pay for covers and elevate the stress of finances, that's what that's all we can do. And thank you, Rebecca.
SPEAKER_02:Thank you.
SPEAKER_00:Bye.
