Critical Illness Insurance

You might be interested to know that every year in Australia, over 118,500 people suffer a heart attack¹ and 40,000 a stroke². While one in three men and one in four women will test positive for cancer during their lives³.

Fortunately, many patients overcome serious illnesses such as cancer, heart attack or stroke. However the cost of recovery and rehabilitation, combined with the inability to earn an income, can cause extreme financial pressure if no provision has been made.

Critical Illness insurance is designed to help with your recovery. The cash is paid as a lump sum and can be used in any way you wish – to help with living expenses, pay debts, or even take a holiday to further help your recovery.

Case study – the cost of treatment:

A 31 year old northern NSW woman knows exactly how much her life is worth; $85,000 for one year’s supply of Herceptin the drug prescribed to treat her breast cancer.

In November 2006 a lump in her breast promoted a visit to the doctor. Within days she was told she had tested positive for breast cancer. Days later the NSW woman was enduring chemotherapy while working out ways to pay for the drug. “I didn’t even tell my parents (about the cost) straight away because I knew they were still trying to deal with the fact their daughter had cancer at 31”. “We are going to try fundraising and if that doesn’t work my parents have offered to sell the house” she said.

For a 31 year old female non smoker: $100,000 worth of trauma insurance would cost an estimated $15.14 per month.

To ensure you have adequate financial protection to help you on the road to recovery, contact Nadic today on 1800 000 001.

Source:

¹ Australian Institute of Health and Welfare (AIHW) 2002. Australia’s Health Canberra 2002.

² Australian Institute of Health and Welfare (AIHW) 2004. Heart, stroke and vascular diseases – Australian facts 2004.

³ Australian Institute of Health and Welfare (AIHW) 2001. Cancer Survival Rates 2001.

Case study: Daily Telegraph