The diagnosis of a serious illness is devastating in any circumstances but the burden will be far greater if your financial security is also put at risk.
- Although there is a one-in-three chance of suffering from a serious illness before age 65, current survival rates mean that many patients go on to make a reasonable recovery and enjoy a good quality of life.
Historical data indicates that a person suffering from one of the four main critical illnesses (Heat Attack, Heart Disease, Cancer or Stroke) has a nearly 50% chance of surviving for up to 10 years beyond the critical incident. However, in many cases this involves a reduced working capacity and necessitates significant lifestyle changes and costs. A lump sum benefit can make a real difference in meeting these costs, e.g.:
- Medical treatment and hospitalization
- Overseas travel or treatment
- Time off work with no income
- Early retirement from the workforce
- Mounting debts and mortgage repayments
- Supporting a business even though you cannot work
- A partner having to stay home to nurse you.
Some Interesting Facts -
- 47% of claims were females
- 78% of claims were for cancer
- 60% of the cancer claims were for breast cancer
- 53% of claims were male
- 48% of claims were for cancer
- 45% of clams were for heart disease