THE COST OF CANCER.

By 30th October 2019 Blog

THE LAST THING ANYONE WANTS TO THING ABOUT WHEN THEY ARE DIAGNOSED WITH CANCER IS MONEY, HOWEVER THAT IS THE BIGGEST WORRY FOR MANY PEOPLE FOLLOWING THEIR DIAGNOSIS.

Macmillan Cancer Support’s recent report, Cancer – a costly diagnosis?, highlights the financial impact of cancer and how people have been affected. The research speaks for itself.

  • 83% of people with cancer are an average of £570 per month worse off (1)
  • 400,000 people with cancer struggle to pay household bills (2)
  • 39% of people with cancer have used savings, sold assets or borrowed money to cover costs or lost income due to their diagnosis (3)

Macmillan have partnered with Nationwide and Lloyds Banking Group to offer customers further financial support with more than £718,000 in additional support, benefits and grants given (4).

The report is also full of customer stories showing just how much they have been affected financially by cancer and is worth reading and sharing with your own clients to show that, yes it can happen to anyone!

When someone hears the word “cancer” it’s a life changing event so make sure your clients can focus on their treatment and wellbeing instead of how they will afford to live.

Doing a proper job means talking to each and every one of your clients about their life, critical/serious illness and income protection needs right from the start. If something were to happen they shouldn’t need to worry about paying their bills or keeping their home!

For more information contact me on steve.berry@primis.co.uk.

Sources:

1. https://www.macmillan.org.uk/_images/cancer-acostly-diagnosis-report-2019_tcm9-354186.PDF page 4

2. https://www.macmillan.org.uk/_images/cancer-acostly-diagnosis-report-2019_tcm9-354186.PDF page 5

3. https://www.macmillan.org.uk/_images/cancer-acostly-diagnosis-report-2019_tcm9-354186.PDF page 26

4. https://www.macmillan.org.uk/_images/cancer-a-costlydiagnosis-report-2019_tcm9-354186.PDF page 31