Have You Got Enough Defence Against the Big C?

Getting covered for Cancer is something everyone knows is important, but are you adequately prepared? [credit cards]( [travel insurance]( [personal loans]( [Blog]( Have you got enough defence against the Big C? You live a healthy lifestyle Eat lots of vegetables, fruits and wholegrains Do regular exercise Reduced sugar, salt and oil intake But cancer can hit anyone, and at any time 1 in 4 to 5 Singaporeans are diagnosed with cancer in their lifetime* Cancer is the leading cause of death in Singapore* The risk of getting cancer rises sharply for those 50 and above, but about 12.5% of cases are aged 15-49 years old* *Sources: NCCS, MOH, ourworldindata.org/cancer So, you’ve got your arsenal of protective policies ready: Life/term insurance, Critical Illness insurance, Hospitalisation plan But are they enough? Here’s a rough breakdown of the costs associated with cancer treatment & recovery: Treatment $8,000-$17,000 a month Source: Singapore Cancer Registry 50th Anniversary Monograph Expenses needed during 5-year recovery period About 4 years of income (~$220,000*) Source: LIA 2017 Protection Gap Study Helper/nurse/facility support $600-$4,500 a month (before subsidy) approximation based on current existing costs Home & lifestyle modifications From $125 (after HDB EASE package subsidy) to over $4,000 (hospital bed, air mattress, wheelchair, taxi etc) approximation based on current existing costs Potential loss of income About 5 years of earnings (~$270,000*) approximation based on 5-year recovery period Other costs (supplements, diapers, colostomy bag, etc) About $800 a month, if needed approximation based on current existing costs *Median gross monthly income in 2019 (including CPF) was $4,563. Source: MOM [Tell me more]( Did you know you can get a CANCER INSURANCE plan as well? FWD’s dedicated Cancer Insurance plan: - 100% payout for all stages of cancers, even early stages - Only 1 simple health declaration - No medical health examination needed - Get a Medical Second Opinion at no extra cost - Up to S$200,000 coverage. Amount can be claimed on top of any existing Critical Illness plan you may have - Quick and easy online claims process - Affordable, plans start from just $7/month** Tom, age 28, non-smoker Coverage amount $200,000 Typical Critical Illness plan $200,000 FWD’s Cancer Insurance Premiums paid per year $1,390 Premiums paid per year Approximation based on current existing plans $248 FWD’s Cancer Insurance Don’t wait to protect yourself against the Big C Get FWD’s Cancer Insurance from just $7/month** [Get a quote now]( **$50,000 coverage for a 30-year-old, non-smoking male T&Cs apply. This plan is underwritten by FWD Singapore Pte Ltd. This plan is protected under the Policy Owners’ Protection Scheme, which is administered by the Singapore Deposit Insurance Corporation (SDIC). The above is for general information only. It is not a contract of insurance. This advertisement has not been reviewed by the Monetary Authority of Singapore. [credit cards]( [travel insurance]( [personal loans]( [Blog]( This email was originally sent to {EMAIL}. You have received this email because you are subscribed to MoneySmart Singapore’s awesome newsletter. Sent by MoneySmart Singapore Pte Ltd, MoneySmart Singapore Pte Ltd, 8 Commonwealth Lane, #04-02, Singapore 149555, Singapore Unsubscribe