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Only one in five covered for illness

Only one in five people are prepared for the financial impact of a serious

long-term illness, according to research from HSBC.

But nearly two-thirds have already planned how they would spend their

lottery prize if they ever win.

The pattern is most pronounced among families with young children. Some 49

per cent of such families admit they would be in financial difficulty if

the main breadwinner were to fall seriouslyill but 22 per cent have taken

no action to prepare.

The survey of 1,000 people shows 44 per cent of men feel they are

adequately covered, and 37 per cent of women saythey are covered.

HSBC is running a Lifecare campaign to draw attention to the importance of

people protecting against illness, accident or death.

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