With an increase in cancer survival rates, the prospect of living a full life is a promising one. With medical science serving as the balm to the life-threatening illness that claims the lives of thousands, the chances of dying from it now are becoming significantly less. The survival rates are only climbing upwards.
Cancer is one of many illnesses that presents individuals with the value of life. Teetering between hope and loss, families and their diagnosed loved ones go through a rickety road where the uncertainty is ever-present in the scope of recovery.
As such, finances are probably the last thing on everyone’s mind however, financial protection ensures that no matter what happens, a debt is not left hanging over the heads of the ill. Life insurance is one such example of financial cover, where surviving cancer does not have to tow a resulting debt.
According to the Telegraph, Tom Baigrie, chief executive of LifeSearch, an online financial protection adviser, said: “While many people are living longer they are doing so having previously survived a serious illness. However, the financial impacts of living in poor health after an illness can often be very difficult if there wasn’t any critical illness insurance in place.
“Living longer with cancer is a lot better than the alternative, but not so much so if you can’t maintain your standard of living. So having an element of critical illness cover, which pays out on life threatening cancers is simple common sense.”
What tends to make individuals flinch is the concept, naturally, of cost. It is understandable to flinch away from the prospect that you have to shell out thousands to protect everyone’s interests – but it doesn’t have to be a “money or your kneecaps” scheme. It isn’t limited to cancer, but to all life-threatening ailments, such as heart attacks.
A life-cover is a protective film that serves to lessen the stress that you are already presented with. Nobody deserves to have an extra weight in their life when it is already under threat by another. By maintaining a safety net over the threat of debt, you can keep you and your loved ones secure by paying just under £30 a month.