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What are my chances of suffering a
critical illness?
Before investigating the benefits of a
Trauma Insurance policy, most people have little to no idea of their chances of suffering a critical illness.
Trauma insurance policies are designed to pay a benefit when the insured is diagnosed with a critical injury or illness such as heart attack, cancer or stroke. So, what are your chances of suffering a critical illness? Perhaps these figures may give you an indication:
According to an Australian Institute of Health and Welfare and National Stroke Foundation 2004 report, a stroke occurs in Australia every 11 minutes, resulting in 48,000 strokes each year.
The Institute, along with the Australasian Association
of Cancer Registries, advises in a 2004 report that
nearly a third of all men and a quarter of all women
will be directly affected by cancer before their 75th
birthdays. Example rates of more specific cancers
include the diagnosis of 12,000 Australian men each year
with prostate cancer (of whom more than 2,700 will die),
and, comparably, diagnosis of nearly 12,000 new cases of
female breast cancer annually, with a similar 2,600
deaths (
Prostate Cancer Foundation
of Australia
and
National Breast Cancer Foundation
, retrieved 14/2/2007.)
Parkinson's’ Australia indicates that there are roughly
100,000 people in Australia coping with
Parkinson's Disease
( retrieved 14/2/2007). Of these, one in seven is under the age of 40.
These are just a few samples of the type of critical illness that you or a loved one may one day have to deal with. A suitable trauma insurance policy will assist you and your family in dealing with the more important issues that occur on diagnosis of a critical illness by easing the financial stress. And remember, trauma insurance is paid for the diagnosis of the critical illness(As defined in the insurance policy), regardless of whether you or not you return to work.
May 2007
Disclaimer
The
information provided is general in nature and does not take into account your
particular insurance objectives, financial situation or
investment needs. We recommend that you speak to an
xLife insurance advisor
or life insurance broker before you make any decision
regarding risk insurance.
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