It seems like common sense to protect our belongings, but what about ourselves? Many wrongly assume that personal protection such as critical illness cover is too expensive to even consider, but the cost of having no cover is potentially far worse.
A recent report by Macmillan suggested that cancer costs patients £570 per month on average due to increased outgoings and reduced income. This is comparable to the average monthly mortgage payment in the UK.
The report also found that 30% of cancer patients experience a loss of income, with 33% having to stop working either temporarily or permanently. Additional costs such as regular trips to medical appointments and childcare contribute to an average £860 loss per month, making an already distressing situation more difficult for many patients and their families.
Critical illness cover will provide you with a lump sum should you be diagnosed with a critical illness - giving you one less thing to worry about.
Looking to protect your finances against an unexpected event such as the diagnosis of a critical illness?
Arrange an appointment with one of our advisers today.