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More plan for lottery win than longterm illness says HSBC

Only one in five Brits are prepared for the financial implications of a serious long-term illness, research from the HSBC says.

At the same time, nearly two thirds of UK residents have planned how they will spend their lottery prize should they ever win.

These numbers are especially significant with families who have young children. 49 per cent admit they would be in financial difficulty if their main breadwinner were to fall seriously ill, and 22 per cent have taken no action to prepare for this situation.

The range of results from the 1000 person survey strongly show that people plan for the highs in life, while postponing thinking about the lows which may also occur.

HSBC&#39s findings coincide with the bank&#39s Lifecare campaign, launched this month to raise attention to the importance of consumers protecting their financial stability should illness, accident or premature death occur.

The campaign is an attempt by the UK&#39s largest bank to promote their range of life and health insurance products.

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