Fears of another global flu pandemic are rife amongst the world’s leading health experts. Many have believe that it’s only a matter of time until a strain of the influenza virus that is immune to the current crop of vaccines appears. If such a strain did emerge and was deadly enough, it could have a huge impact on both developing and developed nations alike.
For many the best protection against the virus has been good hygiene but should we take extra precautions to protect ourself and out loved ones financially if the worst should happen?
Protection in the form of life insurance could be the best way forward. For many in the UK, life insurance is simply a product that goes hand in hand with your mortgage package. This protects the lender and and your family from the burden of the debt should you die. What it may not cover is the repayments or settlement figure in the event you no longer being able to work due to illness. The burden of the debt together with the associated costs of health care due to side effects or complications could make life cover a wise choice.
Policies in general do not cover the flu as a specific illness however an illness or condition that is a direct consequence of a flu infection is may be covered by the policy. These include organ failure, stroke, paralysis, a coma or even a stretch in intensive care.
Recent research led by the World Health Organization (WHO) and Imperial College London has shown that 1 in 5 people world wide had contracted the swine flu virus (H1N1) during the global pandemic of 2008 / 2009 . The fact that the pandemic resulted in just a 0.02 percent fatality rate was cause for good news. However experts are right to voice concerns of a “Super Flu” epidemic on the same scale. This could lead to a global pandemic that could leave whole nations in tatters.
New and more deadly flu strains appearing all the time, maybe it’s time to consider your options and also your financial liability if you become ill. With welfare reforms rife and health care budgets under strain it could be a wise choice to have you and your family covered in the event of a life changing health issue.
References:  WHO / Imperial College London Press Release