Bowel cancer was the second most claimed for form of cancer last year, Scottish Provident has reported. According to the provider's Critical Illness Claims Report, of the £94m critical illness payouts made in 2012, 60% was for cancer claims, of which bowel cancer was the second most commonly claimed. Statistics also indicated that men were more likely to claim for bowel cancer at 68%, with women accounting for only 32% of claims. The average age of a claimant was 50 years old.
Jennifer Gilchrist, senior product development manager at Scottish Provident, said: "Our statistics reveal how important it is to raise awareness of bowel cancer. As a lesser-known form of cancer, it accounted for 10% of all cancer claims last year. It is particularly important that people are aware of this due to the relatively young age of claimants."
Cover when you need it most
As the above findings show, none of us can predict what the future holds - but we can plan ahead, just in case. Traditionally, life assurance has been there to pay out a lump sum to our families on the event of our death. These days, however, many conditions that would have been fatal to our parents’ generation are showing greater survival rates.
Critical illness cover, which provides financial peace of mind if you are unfortunate enough to be diagnosed with certain acute health conditions, can be an option for those who want to ensure that their loved ones are provided for while they are unable to work due to an acute health condition.
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