• Home
  • About Us
    • Who We Are/ Testimonials
    • Not Bank Owned!
    • Our Fees & Service
    • FSG/ Privacy Policy
  • What We Do
  • Advice Areas
    • Wealth Creation
    • Wealth Protection
    • Wealth Preservation
    • For Women
  • Ethical Investment
    • Our Ethical Portfolios
    • Impact
    • Charitable Giving
  • Podcast
  • Blog
  • Contact Us
    • Links
    • Complaint Handling Policy

National Breast Cancer Awareness Month

Posted on:  22 Oct 2010    Posted in:  for Women, News, Risk Insurance

October is National Breast Cancer Awareness Month in which the national breast cancer foundation does a sterling job at keeping breast cancer top of mind for Australians. So, it’s the perfect time to remind you of the importance of insurance to safeguard against the crippling costs of suffering from an illness such as breast cancer.

The hard facts

  • The incidence of breast cancer is on the increase. The number of new cases of breast cancer per annum among women rose from 5,318 in 1983 to 12,614 in 2006, and the projected number of new cases is expected to be 15,409 in 2015. 1
  • Breast cancer is also the second most common cause of cancer-related death in Australian women (after lung cancer), with a total of 2,618 women dying from breast cancer in 2006. 2
  • One in eight Australian women will be diagnosed with breast cancer before the age of 85. 3
  • More women are surviving breast cancer than ever before. The 5-year relative survival rate for Australian women with breast cancer during 1998-2002 was 86.6 per cent, compared with 70.9 per cent in 1982-86. 3

The costs of cancer

With the incidence of breast cancer on the increase, the cost of cancer has come under investigation. Most of the financial costs relating to cancer relate to lost productivity, largely borne by individuals and their families. The hidden costs of cancer faced by many sufferers include extended time off work whilst enduring increased expenses, the effect on long term employment prospects, as well as the possible impact on unpaid work, such as the need for breadwinners to care for sick family members. As we know, the latter largely falls within the female domain.

As well as lost income, cancer-affected households often encounter out of pocket expenses relating to transport, medications, specialist clothing and mobility devices, and childcare and housekeeping costs. It has been estimated that the lifetime economic cost of breast cancer, per person, in NSW, is $653,600, comprising a financial cost of $64,300 and a ‘burden of disease’ cost (non-financial cost) of $589,300. 4

 

Contact us for details on a Wealth Protection plan to safeguard against the crippling financial impact of Cancer.

1. ibid. 112
2. ibid. xi
3. Information provided courtesy of the National Breast Cancer Centre
4. Cost of Cancer in NSW: A summary of a report by Access Economics Pty Limited for The Cancer Council NSW, April 2007, available from The Cancer Council

Source: CommInsure, 2010

Search our Site

Browse by Category

  • Ethical/ RI (55)
  • Events (19)
  • for Women (7)
  • News (121)
  • Podcast (8)
  • Retirement (14)
  • Risk Insurance (13)
  • Superannuation (34)
  • The Green Dream (7)

Recent News

  • October 2022 Federal Budget Update October 2022 Federal Budget Update
    27-10-2022
  • Beyond Juukan Gorge - Uranium, Troglodyte Extinction & Cultural Cringe, with Kado Muir Beyond Juukan Gorge - Uranium, Troglodyte Extinction & Cultural Cringe, with Kado Muir
    3-10-2022
  • Aligning Profit with Purpose - Investing for a Better Future with Damian Cottier Aligning Profit with Purpose - Investing for a Better Future with Damian Cottier
    8-09-2022
  • Hospital Robots, Steam Technology & Automated Driving - Creating Positive Impact with Victoria MacLean from WHEB Hospital Robots, Steam Technology & Automated Driving - Creating Positive Impact with Victoria MacLean from WHEB
    23-07-2022
  • Taking over a million cars off the road – ESG Global Bonds with PIMCO’s Tina Adatia Taking over a million cars off the road – ESG Global Bonds with PIMCO’s Tina Adatia
    27-06-2022
JustInvest Financial Planning Pty Ltd is an Authorised Representative of Ethical Investment Advisers AFS Licence 276544
© 2020 JustInvest Financial Planning Pty Ltd. All Rights Reserved JustInvest acknowledges the Traditional Custodians of this Country we now call Australia. We acknowledge their ongoing connection to country and pay our respects to their elders past, present and emerging
TwitterStumbleUponRedditDiggdel.icio.usFacebookLinkedIn