National Account Manager for Protection Craig Bryce takes a look why emphasising the real cost of living with a critical illness is an important message to deliver to clients.

We often protect our car, home and pets before ourselves, sometimes assuming that personal protection such as critical illness cover is too expensive to consider. But without protection, would your client be able to cover the costs in the event of a critical illness?

A recent report by Macmillan Cancer Support suggests cancer costs an average of £570 a month in increased outgoings and reduced income. £570 is comparable to the average monthly mortgage payment in the UK. Critical illness cover pays out a lump sum to help with these additional costs and loss of income should your client be diagnosed with a critical illness included in their cover.

The additional costs can often be associated with things like regular trips to medical appointments or in some cases having to pay for additional childcare. As a result of cancer 30% of people also experience a loss of income, with those affected losing an average of £860 per month, whilst 33% of individuals either have to stop working permanently or temporarily.

Living with an illness is stressful enough for your client and their family, but worrying about the implications of not having financial cover does not bear thinking about. Having suitable protection to give peace of mind and security in the face of a critical illness has never been more important.

If you would like to know more about how to join our award-winning Mortgage Network as an appointed representative or becoming a member of our Mortgage Club, call our Broker Support Team on 0845 130 7446, option 1.