Critical illnesses cost UK economy 'more than £15bn a year'

Critical illnesses cost UK economy 'more than £15bn a year'

According to research by L&G “The economic cost of people withdrawing from work - or experiencing complications - due to cancer, multiple sclerosis (MS), strokes and heart disease has been estimated to be up to £15.2bn a year by Legal & General's ‘Cost of Critical illness' report. 

Cancer and its impact on individuals in the UK workforce accounts for around £9.3bn worth of losses alone, said the research, while those with MS returning to work earn up to £8000 less each year. More than a fifth (22%) of the financial impact.“ 

As part of our holistic approach to financial planning critical illness and protection are key considerations in our review process.  The implications are key to both business owners and individuals when it comes to financial planning.  Read more  

 

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