Income Protection if you have to become a Carer

Income Protection if you have to become a Carer

Most people consider protecting their income if they become unable to work due to their own ill health.  However, it is estimated that 3 out of 5 people will become a Carer for a relative at some point in their lives.  If this were to happen to you, could your family afford for you to give up work?  In most cases, probably not!

Friends Life have recently introduced Family Carer Benefit within their Income Protection policies.

So what does this mean?  If a child, spouse or civil partner requires full-time care you could claim up to £1,500 per month for 12 months to help cover the costs of adjusting to your new family life or having to give up your full-time job.  You don’t actually even have to give up working if this does not suit you and your family.

To find out more about Income Protection and Family Carer Benefit call us now on 01636 870 069.

One for the guys

Men, did you know that you are more likely to be diagnosed with cancer rather than suffer a heart attack or stroke?  And did you know that prostate cancer is the most common form of cancer in men?

According to Cancer Research statistics in 2011 41,736 men were diagnosed with prostate cancer with 10,837 deaths in 2012.  http://www.cancerresearchuk.org/cancer-info/cancerstats/types/prostate/

Advances in treatments and early diagnoses has led to higher survival rates with 84% of men diagnosed between 2010-2011 predicted to survive for 10 years or more but what if the worse should happen?  Does your life insurance cover early diagnoses and low-grade cancers?

More and more frequently life insurance companies are recognising the importance of early diagnoses and tweaking their policies to reflect this and make themselves stand out.  A good example is Bright Grey who have just announced an adjustment to their critical illness policy to include low grade prostate cancer.

They have decided that they will pay out 20% of your cover (up to £15,000) should you be diagnosed with a specified stage of prostate cancer.  If later, things progress for the worse and you meet their full critical illness definition, they will then pay out the full amount of your cover.

If you would like to discuss life insurance in more detail, call one of our Advisers on 01636 870 069.

Extra protection for woman

According to Cancer Research the number of woman diagnosed with cancer has risen by 43% since 1970.  In light of this, Bright Grey has added 2 new early forms of female cancer to their list of additional conditions.

This means that should you be diagnosed with Carcinoma in-situ of the cervix uteri (requiring a hysterectomy), borderline ovarian tumour (requiring the removal of an ovary) or ductal carcinoma (an early form of breast cancer) Bright Grey will pay out 20% of your cover (maximum of £15,000).  Should this then lead on to a critical illness, as per their list, you will then receive the full amount of cover.

If you would like more information about critical illness and how it could protection you and your family, contact DALES on 01636 870 069.