Macmillan Cancer Support: How insurers can help

Claims, signposting and duty of care

clock • 5 min read

Macmillan's Alasdair Watt lays out the financial impact of cancer and what the industry can do to make the journey easier

Being diagnosed with cancer is often sudden, usually unexpected and always life-changing. As well as physical and emotional impact, it can also affect the more practical aspects of a person's life, including their finances. According to Macmillan research, around 83% of people diagnosed with cancer experience a financial impact, and these people are on average £570 a month worse off. This is often caused by a combination of reduced income, as many people need to stop working during treatment, as well as increased costs because of the disease. These could be anything from the costs associ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

AFM members pay out £70m on IP claims in 2023

AFM members pay out £70m on IP claims in 2023

Claims for musculoskeletal continue to rise

Jaskeet Briah
clock 17 April 2024 • 2 min read
Claims pay outs rise 25% for Reassured's customers

Claims pay outs rise 25% for Reassured's customers

MetLife paid out to 692 customers

Jaskeet Briah
clock 17 April 2024 • 1 min read
Guardian joins Mortgage Advice Bureau's protection panel

Guardian joins Mortgage Advice Bureau's protection panel

"This partnership will add more value to the advice and products we offer"

Jaskeet Briah
clock 17 April 2024 • 1 min read