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Critical Illness Cover will pay out upon diagnosis of a critical illness

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Whole of life policies cover funeral arrangements, inheritance and tax bills

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Over 50's plans are suitable for people with pre-existing medical conditions

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Financial pressures hit those with critical illness the hardest

24th July, 2017

Financial pressures hit those with critical illness the hardest

Research from Royal London has revealed that just over half of those who have been diagnosed with a critical illness have suffered a drop in income. The survey asked over three thousand adults who have either themselves been diagnosed with a critical illness, or who have a loved one that has.

In 65% of cases the shortfall was covered through use of regular finances and nearly a third actually had to dip into hard earned savings. More worryingly, one in five of those asked had no savings at all to fall back on. The research only highlights further the need for cover against worst case scenarios, to ensure that the stress of financial burden does not come at an already difficult time.

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