This statistic is from Cancer Research UK. They also say that 50% of people survive cancer for 10 or more years. If you were to get a diagnosis for cancer or any other critical illness, this could have a devastating effect on your finances, at a very stressful time.
As Financial Advisers in Sutton Coldfield we can’t reduce the risk of being diagnosed with cancer or any other critical illness, but we can help you to reduce the financial impact of such a diagnosis.
A Critical Illness policy usually pays out a tax-free lump sum at the time of diagnosis. This will give you options, such as you could chose to give up work to concentrate on your treatment, knowing that the bills would be paid. You could repay your mortgage, retire early or go on a holiday to recuperate after treatment. It is desperately important to have these choices open to you and take financial pressures off you and your family.
Newer policies tend to cover a wider range of illnesses, but it is important to get advice from your Adviser to choose the policy that is right for your situation, or have an existing policy reviewed.
Our Advisers are trained and qualified to advise you all aspects of financial protection for you and your family and your business. Contact our Client Liaison Team on 0121 323 2070 to make an appointment.
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