Dread Disease is known by many other names such as Critical Illness, Serious Illness or Severe Illness. Sometimes it is also referred to as Trauma Insurance or Living Assurance.
So what exactly is Dread Disease and why is it so important to have Dread Disease Cover?
The prevalence of various kinds of cancers and other so called "dread diseases" continue to increase year by year and although the stats and your own lifestyle and occupation are important considerations, you should also look at your family medical history when considering adding Dread Disease Cover to your Life Insurance portfolio.
The stats are depressing to be honest and indicates that a significant percentage of us will be diagnosed with a Dread Disease and many will find themselves in financial distress because of the high cost of treatment and other expenses.
You may want to consider the actual Cover amount. it is a good idea to calculate your requirements very carefully. Things to consider would include loss of income from your job, your normal monthly expenses, current debt and enough cover for medical costs to give yourself a fighting chance against the disease.
You may have Medical Aid and a good medical aid will go a long way to start you off on the right treatment if you do get diagnosed with a Dread Disease, but various limits and co-payments quickly kick in and very soon you find yourself in an awful financial predicament. Remember, it does not pay for the things your medical aid covers, so don’t make the mistake of swopping one for the other.
Triarc offers Dread Disease Cover that will pay a lump-sum when you get diagnosed with any of the qualifying diseases and you can use those funds for anything you choose. You may decide to take your family on holiday while you recover, use it to pay your home loan, rent or additional medical bills not covered by your medical aid, cover travelling expenses to see a specialist or employ a home nurse.
Dread Disease cover is not terribly expensive, and is often most cost-effective when taken out together with a life policy, so call Triarc Insurance today on 087 231 0222 or visit our website on www.triarc.co.za/life-insurance/dread-disease-cover/ for further information and a quote.