Are you financially covered in the case of a health crisis?

Cancer touches so many Australian families, and recent data shows just how widespread the impact is. While survival rates for many cancers continue to improve, the emotional, physical and financial toll can be significant. Planning ahead can help provide stability when life takes an unexpected turn.

Below, we look at some of Australia’s most commonly diagnosed cancers and what this means for financial preparedness.

Prostate cancer

Prostate cancer has now overtaken breast cancer as the most commonly diagnosed cancer in Australia. In 2024, more than 26,000 men were diagnosed – around 72 every day. While the five-year survival rate is high, the treatment journey can place a considerable strain on families.

Breast cancer

In 2025, more than 20,336 Australians are expected to be diagnosed with breast cancer. Many people now live long and full lives after treatment, but supporting recovery can mean time off work, medical expenses and lifestyle adjustments that may not be fully covered by standard insurance or Medicare.

Melanoma

Melanoma remains particularly common among Australians aged 20–39, with around 16,800 new cases expected in 2025. Most cases are treatable when detected early, but advanced melanoma can require lengthy treatment and specialist care. Early detection and preparation are key.

Bowel cancer

Bowel cancer is the deadliest cancer for Australians aged 25–44. Yet, when detected early, 99% of cases are treatable. The government provides screening kits to eligible Australians. Using them could save your life.

Lung cancer

Around 15,000 Australians were diagnosed with lung cancer in 2024. Because symptoms can be subtle, it is often detected late. This reinforces the importance of proactive health care and being financially prepared for unexpected treatment needs.

Other cancers are also growing in prevalence

Non-Hodgkin lymphoma, kidney cancer and pancreatic cancer continue to affect thousands of Australians every year. While survival rates for some are improving, treatment may still involve time away from work, travel to specialists or extended care needs.

How financial planning can support you through a health crisis

These statistics are not just numbers. They represent real people, families and futures changed in an instant. A sudden diagnosis can bring uncertainty. But having a safety net can provide space to focus on what matters most: treatment and recovery.

Crisis cover pays a lump sum if you are diagnosed with a serious illness such as cancer. This may help to:

• cover medical and rehabilitation costs
• reduce pressure if you or a partner need time away from work
• support ongoing mortgage or rent payments
• maintain household stability during treatment.

At Apt Wealth Partners, we have seen first-hand the difference this can make. Over the past 12 months, we have supported clients with payouts totalling $2.3 million across ten crisis cover claims, seven of which related to cancer. These funds allowed clients to focus on recovery with less financial stress.

Pairing crisis cover with life cover and income protection can provide comprehensive support for different stages of life and different types of challenges. Your adviser can help you tailor cover to your needs, circumstances and goals.

No one expects a major health event, but planning for one can provide confidence and control if life changes suddenly. If you’d like to review your current cover or understand your options, we’re here to help.

A conversation today can make a meaningful difference tomorrow. Let’s make sure you and your loved ones are protected.