We are living longer and surviving serious illnesses like caner, stroke and heat disease that would have once resulted in an early death. This is great news and a lump sum payment upon diagnosis will ensure you can focus on your recovery, rather than worrying about the impact on your financial situation.
Each year, around 55,000 Australians suffer a heart attack. This equates to one heart attack every 10 minutes.
In 2012 there were over 420,000 people living with the effects of a stroke. This is predicted to increase to 709,000 in 2032.
1 in 2 Australian men and 1 in 3 Australian women will be diagnosed with cancer by the age of 85.
More than 60% of people diagnosed with caner in Australia will survive more than five years after the diagnosis.
How would you cope financially if something happened to you? Would you have enough savings to cover all your out of pocket expenses? Or access the best medical treatment for your condition? Would your reduced income meet the mortgage repayments and your living expenses?
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