THE COST OF BREAST CANCER

WHAT WE’RE TALKING ABOUT: COST OF BREAST CANCER BURDENS MOST WOMEN

Globaleye is an independently-owned firm of private Wealth Managers with headquarters in Dubai.

October is Breast Cancer Awareness month. This initiative to raise awareness is important because with early detection and treatment, most women can survive breast cancer and continue to enjoy their lives.

When diagnosed at its earliest stage, the majority of women with breast cancer will survive their disease for five years or more, compared with three in 20 women when the disease diagnosed at the latest stage.

According to Cancer Research UK breast cancer survival is radically improving and has doubled in the last 40 years in the UK. Surviving such an ordeal is a magnificent accolade for an individual and their support networks, however the cost of overcoming such an ordeal can often cause a difficult burden on family of the diagnosed individual.

Cost of recovery
According to Breast Cancer Research UK one in eight women will be diagnosed with breast cancer in their lifetime. It’s shocking how few women are spending the small amount of money to insure their health, and avoid visiting the doctors for health checks in fear of being hit with a high medical bill.

With the flexible, cheap and easy options of life, critical illness and earlier critical illness cover available, a one-off cash, tax-free payment can enable individuals to set the worry of medical bills, and the cost of recovery aside, leaving the family and individual to focus only on getting better.

To put the true cost of insuring your health into perspective, let’s look at the average price of items we often splash out on in the UAE to put the minimum costs of insuring your health into perspective.

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Dinner for two in a restaurant: AED 432

Minimum term costs of life cover

Monthly: AED 64.50

Annually: AED 645.00

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One champagne Friday brunch: AED 700+

Minimum term costs of life cover

Monthly: AED 64.50

Annually: AED 645.00

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One bottle of wine: AED 150

Minimum term costs of life cover

Monthly: AED 64.50

Annually: AED 645.00

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One bouquet of flowers: AED 150

Minimum term costs of life cover

Monthly: AED 64.50

Annually: AED 645.00

Many often find it surprising that life insurance doesn’t cost anywhere near as much as luxury items we regularly treat ourselves to. It’s priced alongside small concessions because insurance is a necessity, not a product that is simply ‘nice to have’.

Putting money aside to fund your health insurance won’t stop you from enjoying the activities and lifestyle you love. If you are sticking to a monthly budget, simply by cutting down on frivolous purchases your budget can extend to securing you, and your family a much-needed financial tool that could save you extortionately high costs in the future.

Get in touch to arrange a free financial health check with a Globaleye adviser in the UAE.

ABOUT

From investments to insurance, Globaleye’s Wealth Management expertise provides unbiased financial planning solutions for over 15,000 clients worldwide from their head office in Dubai, with additional offices in the Middle East, Asia, and Europe.

Tim Searle is the CEO and Chairman of the Globaleye Group.

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PO Box 24592
Villa 801, Al Thanya Street
Umm Suqeim 3
Dubai, United Arab Emirates

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