Life Assurance & Critical Illness
The financial consequences of having a critical illness or dying prematurely can be catastrophic! Approximately 40% of adults do not have any form of life or critical illness protection in place!
One in four adults will suffer a critical illness before the age of 65, and one in three are at risk of developing some form of cancer. Approximately half of all deaths in the UK are caused by cancer or heart disease. (Source: Office of National Statistics)
More than one in three people in the UK will develop cancer at some time in their lives. (Source: Cancer research UK May 2004)
But, of course, it will never happen to you!
We all tend to assume we will live a long and fruitful life. We do not consider the impact and consequences our death would have on our loved ones. Maybe in these busy times it is one area of our life we just don't think about. Who wants to think about the consequences if we are not around to support our family?
However, dealing with such issues provides a little peace of mind knowing that in the event of misfortune, your loved ones can be financially protected and avoid financial hardship. Most people may already have some form of financial protection in the shape of mortgage protection. However, it is important to consider the wider financial implications, especially if you have a family and are the main earner.
There are a number of different products currently on the market, and life assurance does not have to be expensive. Over the years, with increased medical science, life expectancy is on the increase and premiums have reduced, creating a little more competition. With the increased competition, new innovative products with more flexibility are being used for people with different or specific needs.
Even if you have some protection in place already, with your ever-changing family and financial situation it's even more important to review your current arrangements to ensure your protection needs are fully covered. It may be that your situation has not been reviewed for some time – you may be paying more than you really need to. We can provide an assessment of your needs with a qualified adviser who can discuss your requirements and provide recommendations to suit your individual circumstances.