Dread disease cover is important
This type of cover provides for private nursing as you recuperate amongst other things.
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One of the insurances most overlooked by people, South Africans especially,
is dread disease cover. This type of insurance takes care of your
finances should you be unfortunate enough to fall ill will one of the diseases
covered in the insurance policy.
Dread disease is usually defined as cancer, heart attacks, strokes and
coronary bypass surgery, with many grey areas overlapping and differing from
policy to policy.
Recent statistics shows that the chances of falling ill with one of the main
dread diseases before the age of 65 is four times greater than of the person
actually dying before the age of 65. With this in mind, it makes absolute sense
to take out dread disease insurance to protect against lack of income.
"The outcome of a major health crisis is more likely to be survival than
death," says Dr. Marius Barnard, brother of pioneering heart surgeon Prof. Chris
Barnard, and himself a specialist in the field of dread insurance cover, "but
having survived, the cost of living is greater than the cost of dying."
Barnard believes that in the near future, the number one insurance type that
the elderly will need is to keep themselves well and to support themselves at
their age, especially those needing long term care.
Dread disease cover can help with many aspects, such as the need to adapt
your home if you require new equipment such as wheelchairs or walking aids.
In addition, this type of cover covers private nursing home care, childcare
in the case of a parent not being home to care for them and even early
retirement.
This product is also becoming more popular among stay at home mothers, who,
should they fall ill, may be able to take on extra assistance to help around the
home until they are recuperated enough.
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