Two thirds of people with cancer do not have a single protection product, research shows.
The situation is similar among sufferers of type 2 diabetes, those with high body mass index (BMI) or heart conditions, according to the report by The Exeter.
The insurer said many people who have perhaps the greatest need for protection are the least likely to have adequate, or in some cases any, cover in place.
Steve Bryan, director of distribution and marketing at The Exeter, stated: “With an ageing population and the diagnosis of conditions like diabetes and cancer on the rise, it is worrying to see this research lay bare the scale of what we know is a growing problem.”
The Exeter has announced the full market launch of Real Life, a life cover product for clients with complex medical histories and disclosures.
Originally launched through selected networks and intermediaries in late 2017, The Exeter has further enhanced the quote and apply process for the plan.
Tom Horton, managing director at The Insurance Surgery, said the product provides clients with valuable protection that they may not have previously been able to access.
“Making protection insurance accessible to all is an important debate that is happening right now in our industry,” Bryan added.