Beacon Wealth Management - Insights & News

Protecting family finances during a cancer diagnosis

Written by Beacon Wealth Management | Jun 19, 2025 11:00:57 AM

Stephanie's Story - a Health & Protection case study

The Challenge

Stephanie was incorrectly diagnosed with a medical issue, from which she had to immediately be absent from work. Unfortunately, the true diagnosis – once discovered – was cancer.

The Solution

We had set up an Income Protection Plan and a lump sum for Stephanie which came from a Critical Illness Plan.

Her salary was covered for the two years she was off work. In fact, this policy would have covered her income until the age of 60, had it been necessary.

The Result

Receiving a lump sum from her policy enabled Stephanie to pay additional costs without her family having to face any financial concerns at this difficult time. Following her recovery, the remainder of the lump sum was spent on home improvements and a well-deserved family holiday.

 

If you need help formulating a plan to protect yourself and your family, our Chartered and Certified Financial Planners can assist you in setting up Critical Illness protection policies to meet your needs.

Please call our experts on 01480 869466 or email us at info@beaconwealth.co.uk for a free initial, no obligation chat.

Future fees may apply. Registered and regulated by the FCA No. 526604.