Cancers, heart attack and stroke, we tend to think ‘it will never happen to me’. But are you prepared for it financially if it did?
The average life expectancy 100 years ago was around 50 years. Today it is 80 or more in some areas. In just the last 30 years, life expectancy has increased by over 7 years. We now live long enough to get seriously ill.
1000 people per day will have a cancer diagnosis by the end of 2016. By the end of 2020 it is predicted that nearly 1 in 2 (47%) will get cancer at some point in their life. However, survival is more likely today. People now live 10 times longer than those diagnosed 40 years ago. Source: MacMilan Cancer Support – Cancer fact sheet Jan 2015.
Heart Attack, there are around 188,000 hospital episodes that are attributed to heart attacks each year in the UK. That’s around one every 3 minutes. 7 out of 10 will survive a heart attack. Source: British Heart Foundation, CVD Statistics – UK Factsheet 19th Nov 2015.
Suffering the illness is bad enough. Having to deal with the likely financial consequences will certainly not aid recovery. Critical illness protection is a key to financial security.
Critical illness cover is designed to pay out your chosen lump sum tax free in the event of a serious illness which includes some cancers, heart attack, stroke or injuries listed in the policy.
You can choose how to spend the payment, whether to settle your mortgage, debts or alterations to your home such as wheelchair access, the choice is yours.
Your premiums will remain fixed so you know what you are paying unless you decide to alter your policy.
If you need any Critical Illness Protection advice then we are here to help you, please call 01224 516 888 or click here. We are based in the West End of Aberdeen and are happy to travel to your home or place of work. We can also set-up an appointment at our Queen’s Gardens office or meeting room in the city centre. Weekend appointments also available!