The cost of surviving illness – your biggest lifetime expense?

2017-10-26 06:00

AS this is Breast Cancer Awareness Month, I thought it appropriate to speak about Severe Illness Cover and how it can impact when one is affected by cancer.

With one in every 26 women affected by breast cancer the most prevalent female cancer (cancer is NOT gender-based as men also get breast cancer). The National Cancer Registry (NCR), a specialised division of the National Health Laboratory Services, reveals that white women (1:12) are the highest affected with the illness, while Asian women (1:16) and coloured women (1:17) follow close behind. The incidence among black women is 1:45.

In the NCR’s most recent survey (2012), breast cancer was responsible for 21.79% of all cancers among women.

Some information on critical illness

Advances in medical care mean that more people can now survive illnesses once thought to be fatal. However, although many individuals lead relatively normal lives after suffering a critical illness event, they no longer enjoy the same mobility or good health.

The best medical treatment can cost you; and your diminished ability to work could force you to make severe lifestyle changes.

What is critical illness or dread disease cover?

Critical illness cover offers financial protection against illnesses such as a heart attack, cancer, stroke, Alzheimer’s and Parkinson’s. In some cases it also covers injuries from accidents such as paraplegia, major burns and brain damage. It pays out a tax-free lump sum you can use in any way you like.

Why you need it?

Critical illness benefits can provide additional funds for the following:

-To help offset any shortfall on your medical aid.

-For additional expenses or reduced income because of lifestyle changes.

-To access the best medical technology - something that medical aids don’t always do.

How comprehensive is it?

Critical illness cover pays out for all the defined critical illness events covered by most South African insurers. Your minor children are automatically covered by certain companies. This means you will have complete peace of mind.

October has therefore been nationally set aside as Breast Cancer Awareness Month to motivate public and private health care structures to raise awareness across races and class structures.

This article is an excerpt from CANSA and The Post.

You could contact me on 083 399 3905, my office on 032-944 3051/ 073 873 6927 or e-mail me on for an appointment to discuss the above or further advice on any other financial matter.


The information is only intended to be of a general nature and should not be relied upon by any part without obtaining full details from a licensed financial service provider.

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