A Quarter of Retirees Face Health Shock In First 5 Years

A recent study by LV has shown that for many of Britain’s retirees the first 5 glorious years of retirement might not always be so glorious.

The research showed that for many of those retirees they were unexpected life changes which either put a strain on their health or their finances.

A quarter of those questioned stated their health had worsened or they had suffered a serious health problem in the first 5 years of their retirement. There were many put under financial strain to with 17% saying they had unexpectedly had to dig deep to support family members financially.

More uplifting news, of the retirees 34% celebrated a grandchild being born within the first five years of retirement whilst a further 20% updated or renovated their existing property or garden.

The older we become the more important it becomes to get diagnosed and treated should we suffer a health condition. Private medical insurance can take away the worry that comes with a health condition allowing you to get treated and diagnosed when you need it rather than being placed on an NHS waiting list.

Whatever your budget with such a broad range of products on the market there will be something available which fits your needs. From a very basic plan which covers inpatient treatment only to a comprehensive policy which would cover all inpatient and outpatient treatment in full.

Should you be looking to take out a health insurance plan for retirees or review an existing policy we are here to help, our aim is to make insurance simple and affordable.

I’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.

Dan Pettitt
13/01/2021
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125-135 Preston Road
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BN1 6AF
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Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.

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