400,000 UK Cancer Population Struggle to Pay Household Bills

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A recent report from Macmillan Cancer Support, state there are 400,000 of the UK cancer population who struggle to pay household bills [1].

With improvements to diagnostics and treatments, the cancer population is increasing, but surviving cancer doesn’t mean living well. Everyone’s priority should be ensuring every person living with cancer gets the financial support they need when they need it.

Cancer diagnoses are typically sudden, and people often don’t realise the extent to which their finances are likely to be affected. 45% of people are taken by surprise by the extent of the financial impact of their diagnosis [2].

What’s your financial back-up plan?

If you were to be diagnosed with a critical illness, you’d want to ensure you and your family are financially protected.

Critical Illness Cover is designed to financially support you in case the worst happens, and you are diagnosed with a critical condition that is specified in your policy such as cancer, heart attack or stroke. You would receive a lump sum payout or regular payment. It could help ease your recovery by paying out the money you need for your care and treatment, your recuperation, help pay off your mortgage or make up for lost income.

Read our blog of The Difference Between Serious Illness Cover and Critical Illness Cover.

Our expert protection advisers can arrange the correct life and critical illness insurance policy for you. Speak to our expert protection advisers today, call 01224 316200 or fill in our online enquiry form.

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Lifetime Finance Group Limited trading as Aberdeen Mortgage Company is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.

[1] Macmillan Cancer Support/YouGov online survey of 2,011 UK adults who have ever been diagnosed with cancer. Fieldwork conducted 7–11 November 2014. Survey data has been weighted by age and gender to match the known profile of people living with cancer (using 2008 cancer prevalence estimates).

[2] Macmillan Cancer Support/Truth online survey of 955 adults in England, Scotland and Wales who have a cancer diagnosis. Fieldwork was undertaken between 3–21 September 2015. Data has been weighted.

Teachers Income Protection

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Teachers endure greater job-related stress than other professionals, according to the National Foundation for Educational Research (NFER) [1].

Research revealed that 3,750 teachers were signed off on long-term sick leave in 2017 because of pressure of work, anxiety and mental illness. [2]

Sick pay for teachers – not that straightforward

Teachers working in the public sector don’t always have straightforward sick pay arrangements. Some teachers in the UK receive significant sick pay, which can be as much as 6 months of full sick pay and a further 6 months of half sick pay. However, sick pay for teachers can differ greatly. Some teachers’ sick pay will work on a tiered system following years in service.

What’s the solution?

Teachers Income Protection is an insurance that can help you when you unable to earn from your normal income. If you are unable to work due to injury or illness, you could receive a monthly income until you return to work or the policy reaches the end of its term. From as little as 59 pence a day, you could receive £1,750 a month*.

*Based on a female teacher, non-smoker, aged 34, on an income of £35,000, total monthly price £17.75

Speak with our expert income protection advisers today, call 01224 316200 or fill in our online enquiry form.

Terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of this product.

Sources:
[1] Guardian, February 2019
[2] Liberal Democrats Freedom of Information Request, 2018

Lifetime Finance Group Limited trading as Aberdeen Mortgage Company is an appointed representative of PRIMIS Mortgage Network trading as First Complete Limited which is authorised and regulated by the Financial Conduct Authority.