Legal & General has made its 2002 critical illness claims information available, highlighting that they paid out almost £40m. One of the most interesting statistics released is that 6 in every 10 male claimants and 7 in every 10 female claimants were under the age of 40. The average payment made was £65,500.
Our View
Statistics show that you are six times more likely to suffer a critical illness than death and this can have a serious impact on standards of living for you and your family. The figures for under 40's are shocking and definitely highlights the need for everyone to maintain at least some form of cover. Suffering a critical illness, for example, a heart attack or stroke can mean major life changes and could mean you being unable to work again. Where will the money come from then?