Lung Cancer

Published: July 28, 2013

Smoking may be on the decline for women; however, statistics show that lung cancer is now the leading cause of death from cancer in women.

Statistics from the Australian Institute of Health and Welfare(1) have revealed that lung cancer is on the rise. For women, lung cancer overtook breast cancer in 2005 to become for the first time, the biggest cancer killer of women.

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There are over 700,000 Australian women who smoke, with the highest rates in the age group 25-34 years (27%). In 2005, there were an estimated 3,435 new cases of lung disease and cancer and 2,518 deaths in women from cancer that can be attributed to smoking. This represents over 7.7% of new cases and nearly 14.7% of cancer deaths.

The need for trauma insurance

In recent years, the diagnosis of cancer or lung disease did not mean an immediate death sentence with many people living a long and productive life after treatment. In fact, findings published on cancer survival showed there was a significant increase in all-cancer relative survival between diagnoses made in 1982-1986 and those made in 1998- 2004.

For women, the 5-year relative survival increased from 53% to 64%(2). But it is necessary to ensure that an individual has adequate resources like trauma insurance to meet their medical expenses and other ongoing costs of recuperation.

The stats mentioned above show how important it is to have life and trauma insurance that provides a financial strategy to tackle lung disease and cancer. It’s something that many people don’t think about or put on their agenda.

It is important to understand the risks involved.

If you do have some type of life insurance it is just as important to understand what it covers. For example, many of the life insurance policies offered by superannuation funds won’t cover you for critical illness. This is simply a fact that many Australians don’t know or take for granted.

With the rising cost of cancer medical treatments, medication and home based care, the need for life insurance is greater than ever.

The cost of trauma insurance

bundled policy including term life insurance and trauma cover may cost as little as a cup of coffee per day(3). This is a small price to pay for the financial security of a woman and her family.

The statistics show that lung cancer is now the leading cause of death for women, overtaking breast cancer. With this in mind, prevention is always better than cure. The importance of ensuring women have sufficient cover will help create peace of mind for themselves and their family.

Source:
1 and 2 AIHW – Cancer in Australia Overview 2008
3 Assumes cost of coffee $3 per day

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2 Comments

  • Mia |

    Hi,
    Just wondering if anyone will insure a person who already has COPD?
    Thanks

    • SPECIALIST
      Anneke Van Aswegen |

      Hello Mia,
      Thank you for your question.

      When you have a pre-existing medical condition before applying for insurance you might still qualify for coverage. However, this depends on several factors, including:
      • Your age, gender and weight
      • When you were first diagnosed
      • The severity of the condition
      • Your treatment plan
      • Your current health

      The insurer will then take all this information into consideration when assessing your application. Depending on the information provided, your insurer might accept your policy and include a loading or exclusion or decline your application.

      It’s best to shop around and compare trauma insurance policies to determine which one offers you cover.

      For assistance please give us a call on 1300 743 254 or fill in the form above.