Cancer is the biggest heath risk facing us today, 1 in 3 of us will get cancer in our lifetime; it targets people of all ages indiscriminately. More cases are being diagnosed everyday than ever before. (1)
Every year 300,000 people are diagnosed with the cancer (2). There is good news in that while diagnosis rates of cancer are going up, mortality rates due to cancer are coming down. Medical advancements have meant early diagnosis which means that conditions can be treated much earlier; therefore, today more people will recover from cancer than ever before.
The two most common types of cancer are breast cancer for women and prostate cancer for men, both of which now have a high chance of survival when caught early. It is believed by 2030, 4 million people in the UK will be living with cancer. The key to that statement is ‘living with it,’ many scientists and doctors believe that in the future cancer will no longer bring the same dread and fear as it does today and the condition will be treated as a chronic disease rather than as a critical condition. The key will be taking time off of work to recover. A critical illness plan can buy you the time you need to recover at home and get your finances in order. The critical illness plan would pay a lump sum to you, which you can use for whatever you need, clear your mortgage, pay for private treatment or just supplement your income while you are off. A critical illness plan will give you options.
Breast cancer is now the most common type of cancer for women in the UK. In the last 10 years the rates have increased by 6%. In 2010 there were 49,564 women and 397 men diagnosed with invasive breast cancer. This is the equivalent of 136 people being diagnosed every day. In that same year, breast cancer cost the lives of 11,566 women and 77 men. The possibility of getting breast cancer is now a staggering 1 in 8 chance.
There is good news however, in the last 40 years more women are beating breast cancer than ever before. In the 1970’s the chances of survival were 50/50, whereas today it has increased to 85.1%. You are twice as likely to survive breast cancer as you were just 40 years ago, which gives us an idea of how things have improved and how advanced medical technology is saving the lives of the people we love. 2 out of every 3 women who survive breast cancer go on to live long lives.
With critical illness cover not all types of breast cancers are covered and the definition varies from insurance company to insurance company. Here at Proadvice, we specialise in reading the small print and can ensure that you have the best policy on the market with broad definitions to allow you the most comprehensive cover. (3)
Prostate cancer is now the most common type of cancer in men in the UK. A quarter of all cancer diagnosed in men is prostate cancer and it is the second biggest cancer killer of men after lung cancer. In 2010, 41,000 men were diagnosed with prostate cancer; the equivalent of 112 men diagnosed every day. The last 40 years have seen prostate cancer cases triple due to early prognosis aided by improved medical investigations and the PSA test (Prostate-Specific Antigen).The earlier this is done, the more treatable the cancer may be.
The good news is that due to the widespread use of PSA, the chances of surviving prostate cancer has increased from 2 out of 10, to 8 out of 10. The PSA test has found many cancers that would not have been traced as little as 40 years ago. (4)
With critical illness cover, not all types of prostate cancers are covered. The definition varies from insurance company to insurance company. Here at Proadvice, we specialise in reading the small print and can ensure that you have the best policy on the market with broad definitions to allow you the most comprehensive cover.