Are you covered for sickness?

Monday, 18th Jul 2011
Categories: Insurance, Newsletter


One in three Australians die from cardiovascular disease, Cardiovascular disease (CVD) is defined as an illness of, relating to, or involving the heart and blood vessels. The main types of CVD affecting Australians are noted as coronary heart disease, stroke and heart failure associated with cardiomyopathy. To highlight the significant burden of CVD in Australia, the Victor Chang Cardiac Research Institute (2009) outlined several key findings in a recent publication, including the following insights:

Medical technology has come a long way over the years and we are living longer with these medical conditions that were once classed as fatal.

From an insurance perspective, by arranging appropriate levels of cover (including death, disability, trauma and income protection) according to your respective circumstances and needs, individuals can take tangible steps to help stop the potential financial burden associated with the more serious CVD-related conditions.

  • One in three Australians die of CVD. It doesn’t discriminate by age, affecting both the young and elderly.
  • An estimated 3.7 million Australians suffer a long-term cardiovascular condition.
  • Approximately 3,000 people were noted to be on a heart transplant waiting list.
  • Although the overall rate of CVD-related deaths has dropped by 80 per cent since the 1960s and continues todecline, almost 50,000 deaths due to CVD were reported in 2008, or 34 per cent of all deaths that year.
  •  In 2007-08, CVD was attributed as the main cause of 475,000 hospitalisations and a contributing cause in afurther 797,000. Hospitalisation rates were also noted to show slowly-declining trends in recent years.
  • Death rates among males are higher than females for most CVD-related conditions, up to twice the rate certain cases. However CVD caused a greater total number of female deaths, as Australian females typically live longer than males and the risk of developing a CVD-related illness greatly increases with advancing age, especially in the elderly.

Ask yourself “Where would YOU be financelly if you developed cardiovascular disease?”
Justin McManus is a representative of AXA Financial Planning Limited, ABN 21 0005 799 977 AFSL 234663. This information has been prepared without taking account of your objectives, financial situation or needs.  Before acting on this information you should consider its appropriateness, having regard to your objectives, financial situation and needs. 

* Source – Commisure & Victor Chang Cardiac Research Institute (2009)