Recent figures from Cancer Research indicate that the incidence of cancer in the middle aged has risen by more than 20% in a generation. Its findings indicate that 44,000 Britons were developed cancer in 1979 compared with 61,000 in 2008.
This large increase is put down in part to the better screening for the disease, which means that more cases are diagnosed and at an earlier stage. However, other lifestyle issues such as obesity and alcohol consumption are being pinpointed as partly to blame.
The biggest increases were in breast cancer for women and the incidence of prostate cancer in middle aged men grew six fold. The more positive news is that survival rates have doubled since the late ‘70s as screening techniques and treatments have improved.
What these figures do illustrate is that there is still no room for complacency when it comes to protection policies. Critical illness policies offer cover for specific serious illnesses and pays out a lump sum on diagnosis. This can be vital cover to have at a difficult time and can certainly help relieve any financial anxiety during the recovery process.
It’s important to receive advice though as the difference in definitions from one policy to the next can be bewildering. It is certainly not a product that should be purchased on price. It also needs to be considered within the wider suite of protection policies including life insurance and importantly income protection.
Having all of these policies would be ideal but clearly becomes expensive and taking advice should help demystify the products and tailor the best overall solution with budget in mind.