Severe illness greenlight
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Transcript of Severe illness greenlight
Severe Illness Insurance
Insurance for the Living
The comprehensive risk management plan for life
Source of reference: www.heartfoundation.co.za
In South Africa, one in three men and one in four women will suffer from
cardiovascular disease before they reach the age of 60
The comprehensive risk management plan for life
Did you know that in the global list of top five causes of death and dread disease in 1990 - heart disease is
ranked fifth?
Source of reference: www.heartfoundation.co.za
The comprehensive risk management plan for life
It is predicted that by 2020 heart disease will top the global list of top five causes of death and
dread diseases
Source of reference: www.heartfoundation.co.za
The comprehensive risk management plan for life
Source of reference: www.heartfoundation.co.za
In South Africa, there is 1 heart attack
every 8 minutes
The comprehensive risk management plan for life
Source of reference: www.health24.co.za
About 400,000 of the South African
population is affected by stroke
The comprehensive risk management plan for life
Source of reference: www.vhf.co.za
25% of all strokes occur in people under the age of 45
Children as young 8 as can be affected
The comprehensive risk management plan for life
Source of reference: www.heartfoundation.co.za
1 in 35 women are at risk of breast cancer
The comprehensive risk management plan for life
There are 10 million new cancer cases world-wide per annum
5,3 million – males 4,7 million – females
Source of reference: www.cansa.co.za
The comprehensive risk management plan for life
Death versus Survival
The comprehensive risk management plan for life
Source of reference: www.ourkids.net
Over 80% of heart attack patients admitted to hospital survive
The comprehensive risk management plan for life
Source of reference: http://health.iafrica.com
Many people do survive a stroke, but it can have a devastating impact
Only 10% of stroke survivors recover completely
Up to 53% of survivors are left completely or partially dependant on their families or caregivers
The comprehensive risk management plan for life
In the 1940’s only 72% of women diagnosed with breast cancer survived 5 years
The 5-year survival rate has increased to
97%
Source of reference: www.aventis.co.za
The comprehensive risk management plan for life
Are you financially prepared for a severe illness?
The comprehensive risk management plan for life
Why do you have to be prepared?
• Days off from work
• Actual costs associated with severe illnesses
• Rehabilition programmes
• Homecare
• Incidental expenses
• Alternative therapy
The comprehensive risk management plan for life
Your bills do not go away when you survive a heart attack, stroke or cancer…
The comprehensive risk management plan for life
Almost 50% of bankruptcies and
48% of mortgage foreclosures in North America
are due to a severe illness
Source of reference: www.niagarahealth.com
The comprehensive risk management plan for life
How can you be financially prepared?
The comprehensive risk management plan for life
‘Life insurance protects dependants against dying too soon’.
‘Retirement and savings provides for those living too long’.
Illness Benefits provide for the cost of surviving a trauma event today.
The comprehensive risk management plan for life
The Greenlight Illness Benefits
• Covers cost of surviving an illness• One of a flexible range of Greenlight
benefits• Lump sum payment• Cover for life
The comprehensive risk management plan for life
The Greenlight Severe Illness Benefit
• Covers you against a wide range of illnesses
• Stand-alone version: Severe Illness Plus (Core/Comprehensive) Benefit
• Accelerator version: Severe Illness (Core/Comprehensive) Benefit
• Choice of cover style – whole-life, term or step cover
• Pays out 100% of Cover Amount – NO severity levels
The comprehensive risk management plan for life
The Greenlight Severe Illness Benefit
Heart• Heart attack• Open-heart surgery (incl.
Coronary artery bypass graft)
• Aortic surgery• Heart transplant• Cardiomyopathy
Cancer
Gastrointestinal• Liver transplant• Pancreas transplant• Chronic liver failure
Brain/Nervous system• Stroke• Coma• Multiple sclerosis • Motor neurone disease• Accidental brain damage• Dementia (incl. Alzheimer’s)• Parkinsonism• Benign brain tumour• Bacterial meningitis
Respiratory• Lung transplant• Chronic respiratory failure
Connective Tissue• Rheumatoid arthritis
The comprehensive risk management plan for life
The Greenlight Severe Illness Benefit
Urogenital/Kidney• Kidney transplant• Kidney failure
Other• Bone marrow transplant• Paralysis• Muscular dystrophy• Accidental HIV via blood transfusion• Accidental HIV via organ transplant• Accidental HIV for medical, dental or nurse practitioners• Severe aplastic anaemia
The comprehensive risk management plan for life
The Greenlight Extensive Illness Benefit
• Covers you against all the illnesses covered under the Severe Illness (Comprehensive) Benefit
• Also covers you against mild illnesses
• Mild illnesses pay a specified percentage of Cover Amount• NOT based on severity levels
• Minor lifestyle adjustments
• Claims for mild illnesses do not reduce the Cover Amount for other illnesses
• Stand-alone: Extensive Illness Plus Benefit
• Choice of cover style – whole-life, term or step cover
The comprehensive risk management plan for life
The Greenlight Extensive Illness Benefit
• Mild events:• Angioplasty and/or stenting (10%) Correct a narrowing/blockage of artery(ies)
• Cardiovascular keyhole or catheter techniques (30%) Repair a heart valve
• Pacemaker insertion (30%)• Pathway ablation (10%) Correct irregular heart beat
• Carotid artery narrowing (30%)• Cerebral aneurysm (30%) Enlarged/weakened blood vessel in brain
• Inflammatory bowel disease (30%)• Pulmonary embolism (30%) Blood clot in lung
• Systemic lupus erythematosis (30%) Immune system acts against own tissues
• Diabetes (10%)• Cushing’s disease (10%) Hormone disorder
The comprehensive risk management plan for life
The Greenlight Child Severe Illness Benefit
• Stand-alone only
• Pays out 100% then benefit ceases
• Choice of cover style:• Term
• Step
• Covers many of illnesses covered under the Severe Illness (Comprehensive) Benefit and some child-specific illnesses
The comprehensive risk management plan for life
Multiple Claims
• This feature available only on• Severe Illness PLUS Benefit and • Extensive Illness PLUS Benefit
• Available on stand-alone benefits only• A claim will not reduce the Cover Amount, nor will the
benefit cease• Related claims events will be removed – severe and mild
illnesses function separately
Severe Illness suffered
Severe Illness removed
Stroke Heart attack, stroke, open-heart surgery, coma
Parkinsonism Coma, dementia, parkinsonism
Mild Illness suffered
Mild Illness removed
Diabetes Angioplasty and/or stenting, diabetes
Pacemaker insertion Angioplasty and/or stenting, pacemaker
insertion, pathway ablation
The comprehensive risk management plan for life
Claims statistics
Based on Old Mutual’s claim payments for the period of 1 January 2003 to 31 May 2004
The comprehensive risk management plan for life
Create comprehensive cover
Create comprehensive solutions by combining an Illness Benefit with
other benefits from the Old Mutual suite
• Oxygen Medical Scheme
• Greenlight Savings Benefit - preserve risk benefits
• Greenlight Physical Impairment accelerator - comprehensive cover against
physical impairments as well as illnesses
The comprehensive risk management plan for life
Most people never plan to fail - but fail to plan.
Don’t let this be you.
Get a Greenlight Illness Benefit today!
The comprehensive risk management plan for life
Thank you