Latest News from Newealth

Life Insurance: Cancer

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

The bad news is that more young Australians are being diagnosed with cancer.

The good news is that survival prospects have improved.

Survival from all cancers combined for young Australians rose from 80% in 1985-1989 to a 89% chance of surviving for 5 years in 2010-2014.

That is great news.

Trauma type life insurance will not stop cancer or some other unexpected health tragedy but it will greatly help reduce the financial burden during the recovery period.

Click for chart.

Click for report.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.