There are around 66 million people living in the UK and we Brits are largely underprepared in case the worst should happen. Many of us may have been, or could in the future be diagnosed with a serious medical condition and we all have unique circumstances that mean we need different types of cover.
Finding the right protection for you
Amongst those of us who have been diagnosed with a serious medical condition there is a common belief that we are unable to get protection. Because of this it’s not so surprising to hear that only 15million adults have a life insurance policy in case the worst were to happen, according to Legal and General.
To put it into perspective, one in two of us will develop some form of cancer at some point in our lifetime according to Cancer Research UK, and around 27% of people within England alone are claimed to be obese, according to the latest Health Survey for England Report.
A report by the Exeter has found that two thirds of cancer sufferers do not have a single protection product in place. The ‘An Unhealthy Situation’ report, which surveyed 2,000 people across the UK, also found a similar situation for people with type 2 diabetes, those with high BMI and those with heart conditions.
With these conditions it’s arguably even more important to ensure you’re protected for your unique circumstances. It can provide you with peace of mind as well as financial stability for your family.
With this in mind, more providers, like the Exeter, are making protection more accessible to everyone, even if you have a serious medical condition. In some cases, insurers will be able to cover people living with medical conditions such as:
- Type 1 diabetes
- A BMI above 48
- Complex heart conditions
- Multiple conditions
The Exeter’s ‘Real Life’ product is a specialist life cover product for we Brits with complex medical histories and disclosures. It gives many of us access to valuable protection that we may not have previously been able to access.
There are a range of serious medical conditions that we can all develop in our lifetime and with the diagnosis of conditions like diabetes and cancer on the rise, it is incredibly important to make sure we’re suitably protected for our own individual needs. This is why seeking expert advice is invaluable.
Speak to an expert mortgage adviser
So, if you’re living with a serious medical condition and want to find out what level of cover is available to you, contact your adviser today. Give us a call on 01453 887179 or email us at email@example.com, for invaluable advice and guidance.