The health and financial implications of stroke

Stroke is the second biggest cause of death in Australia and a leading cause of disability. 1 in 6 Australians will suffer a stroke in their lifetime, with a stroke occurring every 10 minutes around the country. Stroke is caused by the interruption of the blood supply to your brain, usually the result of a blood clot or a burst artery. Without blood, the brain is deprived of oxygen and nutrients. Within minutes, brain cells begin to die.

Stroke has both health and financial implications that many people fail to recognise, yet with education, your risk can be significantly reduced. Protect yourself and your family by knowing the warning signs to ensure a quick response should stroke occur.

Symptoms of stroke

The signs of stroke include:

  1. Face: drooping mouth, is one side of the mouth drooped?
  2. Arms: can both arms be lifted at the same time?
  3. Speech: slurred speech or lack of comprehension can be a sign of stroke

Time is absolutely critical with stroke. If you see someone with any of these symptoms, call 000 immediately.

Financial implications of stroke

Stroke can have a devastating impact on your finances as well as your health. Are you adequately insured? The main costs individuals should be aware of include:

  • Cost of medical treatment
  • Cost of ongoing care
  • Loss of income to both the stroke sufferer and the care giver if care is provided by a family member.

Reduce your risk

What you can do to reduce your risk of stroke and it's implications:

  • Reduce your blood pressure. High blood pressure is the biggest risk factor for stroke
  • Get trauma insurance — the odds are higher than anyone would like them to be regarding your chance of suffering a trauma event, yet few people are actually insured for it
  • Memorise the symptoms of stroke so that if one of your loved ones is affected you can react quickly.

To reduce your financial risk, there are personal insurance options available to protect you. Contact Yield for a full assessment of your risk insurance needs.

Download the full report from Macquarie Life here.

 

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GENERAL DISCLAIMER:

The content of this presentation is intended to be general information only and has been prepared without taking into account any person’s objectives, financial situation or needs. Each person should consider its appropriateness having regard to these matters or obtain relevant professional financial advice before making any financial decisions.  Examples are illustrative only. Each person should obtain any relevant professional financial, taxation and social security advice before making any financial decisions.