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Twenty million men without CI protection

Twenty million men without CI protection

Category: Health insurance

Updated: 26/11/2012
First Published: 08/06/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Men in the UK are walking a health tightrope after it was revealed that 20 million have no critical illness protection.

Nine out of every ten males are leaving themselves open to significant financial hardship should they become critically ill, despite 80,000 men dying from cancer each year, 52,000 to coronary heart disease and a further 21,000 from strokes.

The findings are perhaps even more surprising, given that 13 million of the country's males regularly check themselves for signs of serious diseases.

Nearly a third of men acknowledged that they are concerned about their health and are guilty of not looking after themselves as well as they should.

"The ways in which men are regularly taking risks with both their health and their finances could have a devastating effect on those men who will unfortunately suffer from a critical illness," said Mark Jones, head of protection at Friends Provident, which carried out the study.

"We are raising awareness of the issue and urging men to take action now to protect themselves for the future, both in terms of their finances and looking after their health."

The data also revealed a financially reckless trend amongst the country's men. Well over nine in ten (93 per cent) do not have redundancy cover, while 87 per cent have no private medical cover, the same proportion that go without income protection.

Furthermore, a massive 81 per cent have yet to draw up a will, while 71 per cent do not have life insurance.

Britain's men (and women!) can get a quote for health insurance at Moneyfacts.co.uk today.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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