Critical Illness News
Majority ignoring critical illness cover
Critical illness cover is only taken out by one in five people (20 per cent) according to a new study commissioned by Scottish Provident.
The High Wire Britain research, which was conducted by research company Ipsos MORI, suggested that people are attempting to balance on a "financial tightrope" without a safety net in the form of critical illness or income protection.
Despite a recent string of high-profile illnesses, including the death of reality TV celebrity Jade Goody from cervical cancer, most people still believe that they will not become ill enough to miss six months from work or require protection.
Worryingly, more than a third (34 per cent) of people who expressed a belief on the matter were of the opinion that the odds are one in 100 of them becoming critically ill.
"With the growing gap between the income they enjoy and the protection they are prepared to buy, it is surely clear that the 'High Wire' generation are setting themselves up for a nasty fall," Scottish Provident said.
Last month, insurance giant Swiss Re published figures for the UK life market indicating that sales of critical illness policies fell by 4.7 per cent to 511,045 in 2008.
Fo the latest critical illness and cheap life insurance quotes Go Direct have the latest online insurance quotation system, which searches the leading insurance companies in seconds.Do you want advice on Critical Illness insurance?
After looking through the critical illness insurance information if you would like Critical Illness Advice, complete our critical illness cover and life insurance enquiry form and we will contact you to discuses your protection needs.
You may also be interested in:
- Term Life Insurance Explained
- Accident Sickness Unemployment Explained
- Income Protection Insurance Explained
- Life Insurance Advice
- Mortgage Types Explained
- Mortgage Top Ten
Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.
Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority. Registered in England & Wales Company 5703224.