Do you have the right protection in place if the worst happened

critical-illness-insuranceWords like cancer, heart attack and stroke immediately make us think the worst.

Finding out you have a critical illness is devastating. Discovering that you do not have the right protection in place to help you get through it financially does not bear thinking about. But the statistics in this booklet are not meant to scare you. We want to show you that more people than ever now survive critical illnesses. We believe everyone should think about protecting themselves against the financial impact of surviving a critical illness.

Due to changes in medical practice and advances in medicine, it goes without saying that you are more likely to survive a critical illness than ever before.  Although this is great news, statistics do not tell the whole story. Surviving an illness can often create financial pressures, so along with the increase in survival rates comes the need for more financial support.

Survival rates for heart attack and stroke patients are improving. However, living with the effects of these illnesses can mean a complete change in lifestyle. The amount of activity you can do after a heart attack will depend on the condition of your heart. Many people can return to work and the activities they enjoy within a few months of having a heart attack. Others may have to limit their activity if the heart muscle is very weak. Strokes can also affect people differently. Many stroke survivors continue to improve over a longer time, sometimes over a number of years. Their recovery is in fact a long period of rehabilitation, as they learn to deal with the effects the stroke has had on them. The good news is that in most cases heart disease and strokes can be prevented.  Following a healthy lifestyle that includes a balanced diet and exercise, not smoking and reducing your alcohol intake can reduce your chances of having a heart attack or stroke. Your GP can check your blood pressure and cholesterol if you are concerned about your health. They will also be able to advise you on any changes you could make to improve your lifestyle.

We have seen that survival rates for critical illnesses are improving – which is great news – but life often changes dramatically after diagnosis. Not just emotionally, but financially too. Mortgage payments, council tax, childcare costs, food and utility bills are just some of the regular payments that still have to be made. There might even be extra things to pay for such as medication, or changes to the home. Sick pay from your employer might help, but only for a short period, and State Benefits only offer a limited amount. Many people who are well enough to return to work cannot always work the same hours as before, so they could well experience a long-term drop in income. It would be nice to know there was a financial cushion to fall back on if this happened, to make life that little bit easier. It would mean you could concentrate on getting better. This is where Critical Illness Cover can really help. Even a small amount of cover is better than none at all. It would give you some peace of mind that if the worst happened, you would have some financial help.

Critical Illness Cover gives you money if you are diagnosed with one of a list of defined critical illnesses. Not all illnesses are covered and you must meet a set definition of the illness, within the term of your plan. You can buy Critical Illness Cover on a lump sum or an income basis. This means that if you make a successful claim we will give you your money immediately as a lump sum, or pay you an amount each year as an income. You choose how you would want your money to be paid when you apply for a protection plan.

If you would like to know how PAD Financial can help you, please contact us now.