The scary FACT about Cancer 1 in 2 people will get Cancer in their life time.
How we protect ourselves that’s medically and or financially for this likely event is our choice.
With Men 1 in 8 will get Prostate Cancer and Prostate Cancer is higher for black men at a terrifying 1 in 4
Horrible reading; which when diagnosed early can often be treated quickly but can lead to death if not identified or treated.
Many families would want to be free of the financial burden at the time a critical illness being diagnosed (or none critical illness for that matter)
Income protection is ideal for catering for the know lifestyle costs and the day to day bills with ongoing monies and support to pay our Mortgage / Rent, food and utilities etc. However, in the event of critical illnesses families usually want to pay for new none lifestyle costs – so a cash injection or a tax free lump sum is ideal for this. Typical spends are like a Family Holiday, upgrade the house to cater for the critical illness and impact of, money off the Mortgage and other big capital expenses.
The challenge for families is a Critical illness protection covers different conditions paying on different severities depending which Insurance company you got the protection from and when.
Knowing what is or is NOT protected helps families match against the known family history or illness traits so the protection is not just costs effective but likely to support if the families illness traits resurface.
In addition to the the providers bring out new terms and conditions when new protection is release. so a plan take out years ago may be cheap (due to age at the time of application) but is it protecting you in the strongest vs the conditions which could be protected and any new family illnesses?
Golden Rock Solutions as an Independent financial advice service listens to the known factors for family – like which critical illnesses they are most concerned about. The matches these to the best Insurance provider and designs the protection to be within budget.
For free information please get in touch. We can review your existing protection or look at your families first critical illness protection(s)