Can A One Hour Meeting Change Everything?

30 September 2011

Greg’s and Judy’s Cancer Shock

Greg is a builder in Cairns. He is 47 years old, married with 2 children. Greg considers himself to be in the prime of his life.

Last year Greg began experiencing problems when urinating. It wasn’t until he noticed blood in his urine that he decided to visit his GP.

His GP took a blood and urine sample. A few days later Greg was told that his blood test revealed a high level of prostate specific antigen.

His GP referred him to a urologist who carried out a prostate biopsy. The biopsy results confirmed that he had localised prostate cancer, known as a T1c prostate cancer. The cancer was confined within the prostate and had not spread to other tissues.

After discussions with his wife & GP Greg chose to have Brachytherapy*, a treatment where radioactive seeds are implanted directly into the prostate close to the tumour. Greg’s treatment went well and the prognosis is good.

Fortunately 18 months prior Greg and his wife had discussed their insurance policies with Brent who had recommended Greg purchase a Trauma Insurance Plus Plan with a sum insured of $300,000 and Income Protection. Greg followed my advice and, as a result he received a lump sum payment of $300,000 when the prostate cancer was diagnosed. The insurance payment meant he did not have to worry about taking time off work or paying for out-of-pocket medical expenses.

 Who relied on Greg’s income?

Greg wasn’t the only person he had to worry about. His wife, Judy and their 2 kids, Max & Thomas, also relied on him for financial support.

Their fixed monthly commitments?

Greg’s monthly commitments included the mortgage on the family home, a car loan and the business overdraft.

The Outcome?

Greg & Judy didn’t have to worry about finding money to pay for his treatment or meeting these fixed commitments. The monthly commitments were met by the income protection and the medical costs were met by the Trauma insurance , they were also able to reduce the home loan to almost zero.

This meant that Greg didn’t have to go back to work before he was fully recovered, he had time to focus on his health and family. The last thing you need when faced with a serious health issue like cancer is additional financial stress!

* Brachytherapy treatment is considered major interventionist therapy.

WHAT TO DO NEXT:  If you are concerned about how your family would manage financially if something like this were to happen to you, call Brent for an appointment on 4041 2055.

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