Thanks to advances in medcine the chances of surviving a major illness are greater than ever, however the financial consequences can be substantial.
Serious Illness affects thousands of Irish men and women every year, and so many families are left struggling with the financial repercussions because they don’t have Serious Illness Insurance Cover.
WHAT IS SERIOUS ILLNESS COVER?
- Serious Illness Cover can also be referred to as Specified Illness Cover or Critical Illness Cover.
- It is designed to pay out a guaranteed lump sum if you are diagnosed with one of the Serious Illnesses covered in your plan.
- Serious Illness Insurance includes cover for some of the most serious health issues affecting Irish adults, such as cancer,heart disease, stroke, renal failure, paralysis, major organ transplant and coronary artery bypass surgery as well as a range of other conditions.
- If you are diagnosed whilst your Insurance Cover is in place, the policy will pay out a lump sum.
BENEFITS OF SERIOUS ILLNESS INSURANCE?
• Financial Security:
Protecting your family financially is likely one of your top priorities. Serious Illness Cover can give you this security.
• Cover for your costs:
If you were off work with a Serious Illness could you afford to take care of your normal household bills and also the additional expenses incurred such as adapting your home, paying for care, medical equipment. A serious Illness policy can pay out a lump sum to contribute to all of the expenses that you incur while you concentrate on you recovery.
• Peace of mind:
Serious Illness Insurance can help to ease the financial burden, allowing you to concentrate on your recovery.
• Wide range of cover:
Serious Illness Insurance covers a wide range of Illness that will vary from the different Life Insurance Companies in Ireland. We negotiate with with six different Insurances Companies to get you the best deal.
• Added benefits:
Some Life Insurance Companies have now introduced partial payments in the event of you being diagnosed with a less severe Serious Illness.
• Flexible cover:
Regardless of which type of cover you take out, you choose both the amount of cover, and how long you want to be covered for.
• Fixed Price:
The price you are given at the start of the policy is the price you will continue to pay throughout the term. It will not increase as you get older.
TYPES OF SERIOUS ILLNESS COVER
A Specified Illness Policy can be set up on a Stand Alone basis or as Accelerated Cover.
Stand Alone Serious Illness Cover
Stand Alone Serious Illness Cover pays out if you suffer a Serious Illness during the term of the policy. A Serious Illness claim on a Stand Alone Plan will not affect your Life Insurance Cover.
Accelerated Serious Illness Cover
Accelerated Serious Illness Cover can only be taken out in conjunction with Life Insurance Cover. This means if there is a Serious Illness Claim, it will directly reduce your remaining amount of Life Insurance Cover.
Request a callback from us to see how little this cover can cost.
O’Sullivan Insurance, 39 Mitchell Street, Clonmel,Co. Tipperary.