Money and terminal illness

Gers

hangryconsumer said:

I get it, but they could seriously lose out financially if they did something rash like quit their job. They wouldn’t be able to remortgage the house for example. Which is why I asked about equity release products. 

If this person only has under a year to live (?) then why would they be contemplating equity release?

Malthusian

hangryconsumer said:

I get it, but they could seriously lose out financially if they did something rash like quit their job.

If they are actually terminally ill it won't make a blind bit of difference to their finances. If they are distressed enough to quit their job prematurely before getting a proper prognosis and the news isn't as bad as they feared, it is unlikely you would be able to talk them out of it.

Most decent employers would take someone back if they were unfortunate enough to hand their notice in because they thought they were terminally ill when they weren't. Usually they would get the prognosis back before their notice period expired.