Life & Serious Illness Cover
For most of us, death, critical illness or being out of work as a result of a long term injury or illness is not something we want to think or talk about. Be realistic, it could happen to you, it certainly has happened to someone you know. It makes sense to be prepared for these unexpected events. Life cover, serious illness cover, income protection cover… they all give you financial security when you need it most.
Can you answer YES to any of the following questions ?
1. Are you single, married, co-habiting, separated, divorced or widowed ?
2. Do you have a mortgage ?
3. Do you have any dependents ?
4. Are you employed/ self employed ?
IF YOU CAN ANSWER YES, THEN YOU NEED SOME LEVEL OF COVER.
Protection Cover has a wide range of uses. For as little as €10 per month you can get some level of cover.
Mortgage Protection Cover
This is the cheapest form of Assurance. Your mortgage can be cleared if you suffer from a serious illness or in the event of your death.
Term Assurance
You can choose any term between 2 and 40 years. You can choose Life and / or Serious Illness cover. This type of cover can provide a lump sum payment to you and your family.
Whole of Life / Unit linked
This type of assurance is more flexible than term assurance. It allows you to increase or decrease your cover and / or premium as your circumstances change.
Pension Term Assurance
This type of Assurance is a tax efficient Life Assurance plan that can be taken out by self employed people and people in non pensionable employment.
Serious Illness Cover
A lot of us think that a serious illness is something that only happens to other people, so if you think it’s not going to happen to you, take a look at some of the serious illness claims' statistics from one Irish insurer:
• Cancer is the cause of 72% of all female claims.
• Heart attack is the cause of 38% of all male claims.
• The average age at claim is 45.
• 66% of all claimants are under the age of 50.
Some of the common serious illnesses covered include
• Cancer
• Coronary artery surgery
• Benign Brain Tumour
• Bacterial Meningitis
• Parkinson's Disease
• Heart Attack
• Kidney Failure
• Alzheimer's Disease
• Chronic Liver disease
• Multiple Sclerosis
• Stroke
• Coma
• Paralysis
• Chronic Lung Disease
IMPORTANT: You must read your policy conditions for a detailed explanation of each of the illnesses covered.