As World Alzheimer’s Day on 21 September approaches, LifeSearch warns of the financial consequences for those who get Alzheimer’s. Over 700,000 people currently have dementia and it is believed there will be over a million people with dementia by 2025 and over 1.7m by 2050. Yet relatively few people are protecting themselves from the financial consequences of this debilitating disease. There are currently 15,000 people under 65 with dementia.
Most critical illness policies will pay out if the life covered suffers Alzheimer’s but this is something that should be double checked when taking out a policy. Also worth considering are policies that give a little bit extra short term help in providing emotional support and aiding clients to put in place plans for long term care:
Helping Hand service comes with every Bright Grey plan at no extra cost and offers a broad range of help and support to clients and their families. It includes access to a specialist nurse, therapist and counsellor, and a range of helplines
Extra Care (LV=) is aimed at improving the living situation for critical illness customers. After their claim is complete, customers have the option of receiving oncology, cardiology or neurology care, therapy, physiotherapy or counselling. Extra Care also provides customers with the option of a follow-up from a personal nurse, with ongoing help available by phone and through support groups.
Long term care: News update: 16 September 2010