Category: Finance, Insurance.
Life is unpredictable.
As per Belvins Franks statistics, almost everyone has a friend or relative that has suffered from a critical illness in his life. You may suffer from a certain critical illness at a point in your life. Similarly 1 of every 3 men may suffer from a heart attack before reaching the age of 6Therefore, the risk of having a critical illness than to die is much higher. If the person is not insured then there can be a dilemma. When one member of a family falls critically ill, the entire family may be affected. Financial pressures may arise as money is needed to cope with treatment costs and care. Once payout is done, you could be capable to make necessary arrangements for medical fees and pay any other debts that may remain, due to lack of income.
Critical illness insurance may alleviate you from this burden. Thankfully medical advances may have certainly helped to discover diseases earlier than before. There can now be a hope of resuming work once again after undergoing a critical illness. Chances to survive have increased. But the probability of becoming disabled still remains. According to Belvins Franks, 1 of every 2 people in the UK may be affected by a critical illness such as cancer and heart disease.
Here are some figures that may better help you understand the trend of critical illness. If the same amount is calculated over a much elevated population, the result can show a critical illness that may be of concern. Moreover, 1 of every 10 men possibly at the age of 30 could be diagnosed with a critical illness such as cancer before reaching the age of 6 Furthermore, 1 of every 10 men aged 30 may also suffer a heart attack before reaching the age of 6Also, 000 people per, over 100 year in the UK may suffer from a stroke. Thus, half of the deaths that occur in the UK can more likely be caused by cancer or heart disease. Around 70 percent may survive this critical illness and be still alive a year later. Results also reveal that approximately 45 percent of 75 percent people who suffer from heart attacks may survive for three years or more.
Additionally, about 50 percent women deaths between the ages of 35 to 39 could have more likely been due to a critical illness. On the other hand around 70 percent of people who survive a critical illness such as stroke in the UK may survive longer than a year. Around 70 percent of patients may survive this critical illness for probably one year. According to the Stroke Association 1999, 000 people in, nearly 100 the UK each year may contract a stroke for the first time. Thus, stroke may be the biggest factor responsible for about 300, 000 people being disabled at one time. Disability can change a lifestyle completely. As seen, this critical illness can be dangerous.
Critical illness insurance may then help you make the necessary changes to your house to accommodate a wheelchair. Otherwise you could even change your work and train for a different field thanks to critical illness insurance payout in case of disability. Similarly, you could even buy a new car to account for your mobility needs. People may also prefer to have a long rest and go on holidays for rehabilitation. Statistics shown above demonstrate that heart attack, cancer and stroke are the most common critical illnesses in the UK. The advantages can be considerable with critical illness insurance.
As the rate of critical illness tends to increase, critical illness insurance is sought by many people, for one simple reason, protection.
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