It will never happen to me ? or will it ?
It will never happen to me
Weall know that illness happens, but it is an entirely naturally humantrait that people think it will happen to the person living next dooror the person sitting next to them, rather than to them themselves.
However, some of the following statistics might just change your thinking on this:-
· More than 100 women a day are diagnosed with breast cancer.
· Testicular cancer is one of the most common cancers for men between the ages of 15 and 45.
· In 2006, 22% of people aged between 16 and 44 had a long standing illness.
· Also in 2006, 45% of people aged between 45 and 65 also had a long standing illness.
· In 2006, just under 20% of 35 to 44 year olds had experienced some kind of cardio vascular condition.
· Research from October 2006 found that 25% of strokes happen to people under 65.
· Research shows that the chance of suffering a critical illness before aged 65 is 1 in 4 for men and 1 in 5 for women.
· Each and every year, approximately 90,000 people of working age are diagnosed with cancer.
The above statistics are indeed quite frightening, but it is not all doom and gloom. With medical advances, people are now much more likely to survive critical illnesses than ever before. However,it is by no means certain that an individual will be able to return towork after treatment, and it is this issue that will have the hugeimpact on their income earning position.
Aswith so many issues of this type, one obvious option is to go down the“insurance route” and there are certainly no shortage of insurancecompanies and products available to meet the protection needed.
Thekey, as always, is to evaluate what type of cover is needed and theextent of such cover, and then to secure the best product possible inthe market place taking into account the quality of the cover provided,whilst also of course taking into account the cost involved.
For further information on how to protect yourself then please contact Steve Carruthers from Blevins Franks Financial Management Ltd, an FSA regulated company.
By Steve Carruthers