Protecting My Family

Financial planning means planning for all eventualities.
We specialise in helping you to protect your family if the worst happens.

Common Claims for Critical Illness

Most common reasons for claims:

  • Cancer 61.4%
  • Heart attack 10.65%
  • Stroke 7.0%
  • Multiple sclerosis 4.3%
  • Brain tumour 1.7%
  • Parkinsons 1.5%
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Most common age for a claim: 1.5% Under 3011.2% 30-3938.1% 40-4940.9% 50-597.8% 60-690.5% 70 plus
Most common age for a claim: 1.5% Under 3011.2% 30-3938.1% 40-4940.9% 50-597.8% 60-690.5% 70 plus

The Main Insurance Claim Areas

  • Insurers pay out £13.9m per day in income protection, critical illness cover and life assurance
  • 97.8% of claims made across group and individual protection are paid
  • £340 million increase year-on-year
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Main claims areas Critical Illness Number % Claims Paid Average Claim Life insurance Income Protection 15,962 35,604 28,398 92.2% 98.0% 87.2% £73,085 £78,323 £21,215
Critical Illness Number % Claims Paid Average Claim Life insurance Income Protection 15,962 35,604 28,398 92.2% 98.0% 87.2% £73,085 £78,323 £21,215 Main claims areas

Increasing Life Expectancy from Birth

Whilst we spend significant time with our clients planning their futures, all the plans can become obsolete in the event of death or upon diagnosis of a long-term illness.

This can put a huge pressure on the family in terms of immediate need for cash. Longer-term implications can include paying off debts, children’s education and the family’s financial security.

The research from PHE opposite shows trends in overall life expectancy, with healthy life expectancy 63.3 years for males and 63.9 for females.

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Birth MaleBirth Female 90 80 70 1981 2012 2025 2040
90 80 70 1981 2012 2025 2040 Birth MaleBirth Female

Just let us know how we can help you...