Protection policies…why do they matter?
Prospect Mortgage Services provide independent, sound and honest advice for your mortgage and protection needs.
One of the best ways of protecting your financial future is by taking out insurance – but it’s often an overlooked part of people’s financial planning. We are all familiar with the concepts of car, home and travel insurance. But it seems that people protect everything except themselves, their loved ones, their lifestyle and what pays for it. The very things that are most important to us.
So why consider, critical illness cover, life cover and income protection?
Cancer
1 in 2 people born after 1960 will be diagnosed with cancer during their lifetime
375,000 new cases of cancer in the UK each year; that’s nearly 1,000 every day
50% of people survive cancer for 10 or more years
On average, a cancer diagnosis leads to a £891 drop in household income per month, rising to over £1,000 in some cases
Sources: Cancer Research UK statistical data 2023 | Macmillan – Annual Report 2021
Heart Disease
Coronary heart disease is the UK’s most common cause of premature death and is the leading cause of death worldwide
1 in 4 in the UK die from heart and circulatory diseases.
Over 1.5m men and 830,000 women are living with Coronary Heart Disease.
Today at least seven out of 10 people survive a heart attack.
Source: British Heart Foundation UK Factsheet
Stroke
Every 5 minutes someone in the UK will have a stroke
Around one in four strokes happen to people of working age
1.4m are living with with the after effects of a stroke
Almost two thirds (65%) of stroke survivors leave hospital with a disability
Source: Stroke Association, Statistics / British Heart Foundation UK Factsheet
Multiple Sclerosis (MS)
Around 130,000 people currently live with the disease in the UK
MS is most often diagnosed in people between 20 and 50
Approximately three times as many women have MS than men
Source: Multiple Sclerosis Society | NHS Choices,
Our Online Protection Calculator
Find out what cover and how much you might need with our online protection calculator. Our online journey will guide you through how to protect what’s most important to you, your loved ones, your home or your income.
Our calculator will help you determine how much cover you might need, how long you might need it for, and importantly how affordable protection can be.