October is Breast Cancer Awareness month. This initiative to raise awareness is important because with early detection and treatment, most women can survive breast cancer and continue to enjoy their lives.
According to Breast Cancer Research UK one in eight women will be diagnosed with breast cancer in their lifetime. By maintaining a healthy weight, drinking less alcohol and being active, women can help to prevent the risks of breast cancer. If a woman does contract breast cancer however, when diagnosed at its earliest stage, the majority of women with breast cancer will survive their disease for five years or more.
Screening is the route with the highest proportion of cases diagnosed at an early stage, so it’s important to promote awareness of the benefits of early detection this month.
Surviving breast cancer
According to Cancer Research UK breast cancer survival is radically improving and has doubled in the last 40 years in the UK.
Surviving breast cancer is a magnificent accolade for an individual and their support networks, however the cost of overcoming such an ordeal can often cause a difficult financial burden on the family.
Covering the cost of survival
Critical illness cover is a type of insurance that pays a lump sum if you are diagnosed with a life-threatening illness such as breast cancer, other forms of cancer or heart disease.
The cash payment is tax-free and can be used in the most appropriate way to suit your circumstances: perhaps you will need a lump sum to pay off your mortgage, enabling you to stop working to focus on rest and recuperation, or when living overseas you may need to buy private medical care. You decide how much you think you'll need when you take out the policy.
Life insurance and critical illness cover
Both life insurance and critical illness cover offer flexible, low cost options for covering the cost of recovery from a critical illness such as breast cancer.
Most employers offer life insurance, which only pays out on death. Many expats however often find they no longer have this covered by the company once they move away from their home country. It's still surprising that many corporate packages don't include critical illness cover when experts have stated that individuals are six times more likely to claim under critical illness than life insurance.
Critical illness cover policies depend largely on individual cases making it advisable for you to talk to a specialist adviser before choosing a policy in order to guarantee the best deal to suit your individual needs.
Get in touch with a trusted Globaleye adviser to arrange a free meeting to protect yourself and your loved ones today.