Half (51%) of those who have been diagnosed with a critical illness, such as cancer, heart attack or stroke, have also faced a shortfall in their income, according to research from Royal London.
The survey of 3,004 UK adults, which was conducted for the insurer by Opinium, also found two-thirds (65%) of those who faced a financial burden, due either to their own or a loved one's critical illness, covered their outgoings using their existing day-to-day personal finances while three in 10 (31%) dipped into their savings. Royal London group head of protection strategy Debbie Kennedy (pictured) said: "Employees who are too ill to work are entitled to Statutory Sick Pay from their employer...
Bill broadened to include insurable interest in cohabitants, group schemes and trusts
Thursday 4th October at The Hilton London Bankside
Early conversations about end-of-life care are crucial to ensure individuals living longer can make their own decisions, however right-to-die approaches vary all over the world
Group life, critical illness and income protection business bought from Munich Re