Severe illness

Here’s a little something to ponder… When it comes to insurance, most people seem more comfortable splurging on entertainment, clothing and food than they are on lifestyle protection policies such as dread disease cover. Often the thinking is that: “it will never happen to me?” or “I still have time.” However, life-altering illnesses such as cancer, a stroke or heart attack often require that one take time off from regular programming to fully recover. 

No Guarantees
This was the case for Kim Gillot, who was unexpectedly diagnosed with stage 2 breast cancer at 32 – without any family history at all. “I discovered a lump after bumping myself in the shower and ignored it as most women do because we often don’t want to be inconvenienced by these things,” recalls Kim. A week and a half later, she consulted a doctor for food poisoning and insisted on a by-the-way breast exam. When the doctor couldn’t pick up the lump via a physical examination, Kim listened to her intuition and insisted on a mammogram. The mammogram results showed an abnormality. Next was a biopsy. “I remember receiving a call on 25 February 2017 confirming that I had aggressive stage 2 hormone-positive breast cancer. My cancer was both oestrogen receptor-positive (ER+) and progesterone receptor-positive (PR+),” shares Kim. She had the tumour removed within a week of her final biopsy and adds that getting the surgery out the way so soon was what ultimately spared her from the aggressive cancer.
Kim received her payout from her Old Mutual Illness insurance policy shortly after the lumpectomy. “The money was a huge godsend,” she says. At age 20, Kim recalls seeing her father work relentlessly to pay her mother’s medical bills after she’d suffered a stroke. This, along with a 2016 smash and grab incident, made her realise just how underinsured she was, leading her to take out the Old Mutual lllness insurance amongst other policies.
Peace Of Mind 
When experiencing something as all-consuming as cancer, it’s a cycle of medical tests, treatments and recovery. After three harrowing rounds of chemotherapy, doctors switched Kim to aggressive radiation, which she did five days a week for seven weeks. “It was tiring and painful,” she recalls. This was followed by hormone-therapy implants for the next 18 months to subdue her oestrogen levels. The therapy introduced a new dynamic –  chemically induced menopause as a side effect! In November 2019, instead of continuing on the hormone therapy, Kim opted for a hysterectomy – something she says left her broken, with a lot of unanswered questions. 

For Kim, who was placed on temporary disability leave at work, the Old Mutual Illness insurance payout took away the overwhelming financial burden of the upfront medical payments and shortfalls. “Even though my Old Mutual financial adviser is based in Cape Town, I have telephonic access to financial advice at all times. I really appreciate how each adviser that I spoke to gave me really good counsel in investing and growing the money to sustain myself,” enthuses Kim. 
Kim is currently recovering from a double mastectomy and her can-do attitude remains strong. “Cancer is the demon I love to fight, I’m going to keep fighting it,” she shares, adding that she always makes it a point to share just how important severe illness cover is. “If you have the financial means to do it, please go ahead and make that sacrifice. We lead fast-paced and stressful lives and tomorrow is not promised to us. Everyone has a journey – yours may not be cancer but another illness.”
How Will The Old Mutual Illness Insurance Benefit Me?
The Old Mutual Illness insurance pays a single tax-free amount between R100 000 and R6 million should you suffer from a severe illness such as cancer, stroke, heart attack and other predefined illnesses. The money can be used to cover rehabilitation costs, travel expenses to treatment centres, modifications to your home or car and day to-day expenses while taking time off from work to recover. If your quality of life is severely impacted by treatment and you can’t care for yourself, the Cancer Enhancer will boost the payout by up to 25% of the cover amount.
Can I Customise My Cover? 
For an additional cost you can tailor the cover to meet your needs by adding extra benefits such as Top-up Benefit, Child Illness Benefit, Mild Illness Benefit, For Women Benefit and Returning Illness Benefit, plus other add-ons such as Premium Protection or *Cashback. Every five years, on the cashback anniversary, we will pay back 15% of all premiums received for the contract since the previous cashback anniversary and while cashback exists on your contract. Cashback will not be paid if the contract is not active on the cashback anniversary. Cashback would, on average, increase your premium by 12.5%.
Choosing the right cover for serious illnesses doesn’t have to be daunting. For more information speak to your financial adviser. Visit www.oldmutual/illness or call 0860 60 60 60
How soon does the cover kick in?
Immediately. You’re covered for up to 30 days before paying your first premium.
DISCLAIMER: This story was told by one of our customers, who received a monetary token of our appreciation for sharing it. The information shared in this article does not constitute financial advice. For more information and Ts & Cs, visit oldmutual.co.za/illness 
*In Partnership with Old Mutual More