Drewberry Insurance has compiled data reported by various health charities on the chances of suffering illness. It is important to be aware of these risks and to take precautionary steps to avoid sickness and to protect income in the event of incapacity.
Tom Conner of Drewberry says, "It is vital not only to eat healthily and exercise regularly in order to reduce the chances of illness but also important to put in place financial protection in case illness does arise, with income protection insurance often being the first port of call".
- Both Macmillan and Cancer Research UK report that there are over 200 different kinds of cancer, each with its own name and treatment
- Cancer Research UK reports that there are approximately 298,000 people diagnosed with cancer each year, which equates to nearly 1 case for every 200 people
- The British Heart Foundation report that there around 124,000 heart attacks each year and around 1.5 million people who have had a heart attack, and there are nearly 2.7 million people living with heart disease
- The Stroke Association reports every year 150,000 have a stroke, with about a third likely to be left disabled and needing rehabilitation
- It is argued that suffering a stroke has a greater disability impact than any other medical condition, with around 250,000 people living with long-term disability as a result of strokes
- Both Mind and Rethink report that one in four people are likely to experience a mental health problem every year
Income protection plans payout a monthly benefit to replace lost earnings should you have to cease working due to illness or injury. These policies can continue to payout right up until planned retirement if you are unable to return to work.
On income protection e largest cause for claims arises from mental disorders (stress, anxiety and depression, followed by musculo-skeletal disorders (such as for back, neck and joint conditions). The next highest were for cancer, circulatory system disorders (such as for heart attack and stroke) and nervous system disorders (multiple sclerosis and Parkinson's disease).