Parents worry about kids’ critical illnesses

Parents across the UK are increasingly worried about their children’s health and wellbeing, according to research from LV=. Their latest ‘Reaching Resilience’ report suggests two-thirds of parents (67%) fear their child being diagnosed with a serious illness. Concerns about children’s mental health are also rising, now affecting 68% of parents, up slightly from last year.

The worries aren’t just health-related, with 62% of working parents fearing the financial consequences if illness or injury prevented them from working. Nearly a third (31%) said they would struggle financially if being diagnosed with a critical illness means losing income.

LV=’s report highlights that the average worker in the UK supports three people financially, including children and elderly relatives. Parents are also more likely to worry about the impact of illness or injury on their family’s finances compared to workers without children.

Income protection policies provide much-needed reassurance by offering financial support if illness affects parents or their children. Some policies include family-focused cover, giving parents the financial breathing space to focus on caring for a seriously ill child without worrying about bills.

As with all insurance policies, conditions and exclusions will apply