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Serious Illness Cover

Financial Architects present Serious Illness Cover, a service designed to give you peace of mind.
As its name implies Serious Illness Cover is an insurance policy that pays you a tax free lump sum in the event of you being diagnosed with a qualifying serious illness.We get asked alot, how much Serious Illness cover should I have? and the answer is there is no right or wrong amount. Some clients wish to cover borrowings eg a mortgage against Serious illness, so that the loan is cleared in the event of a qualifying illness.

Serious Illness Cover is also known as "Critical Illness Cover" and more technically as "Specified Illness Cover" because there is typically a specific list of illnesses and conditions that are covered, such as cancer, stroke, heart attack, organ failure and loss of hearing, speech or sight, etc. This list is specific and the list and prices vary significantly from one insurer to the next.

As your advisors, our job is to explain the different options available to you and to show you all the prices from each insurer and to show you the actual illnesses each insurer covers.
If you worry about what would happen to your family in the event of you contracting a serious illness or critical medical condition, then Serious Illness Cover provides the ideal protection. In most cases this is very affordable and allows you to choose the amount of protection you require.
If you are under the age of 65, statistically you are more likely to survive a serious illness than to die from it, you may not be able to work for some time, if at all and will have additional medical expenses. The bad news is that the chances of contracting a serious illness before age 65 is 1 in 4. Because of this, along with your life insurance you should also consider serious illness cover.
If you become one of the quarter of the Irish population that contracts a serious illness prior to age 65 then you will be able to recover and convalesce happy in the knowledge that your loved ones will be protected. Most policies will pay out even if you make a full recovery and are able to go on with your life as normal, which provides affected families with a silver lining to a most difficult time.
Financial Adviser can help you decide exactly what protection is suitable for you and then provide the appropriate serious illness cover for you. Call us today or simply fill out our quotation form and one of our team will contact you to discuss your requirements.
The insurance market is shrinking and the competition for business is acute, however we believe that through mergers and acquisitions the number of providers will reduce by about 50% in the next few years leaving less competition and higher prices. Now is the time to get good serious illness insurance and remember once the serious illness policy is in place, the insurer cannot increase the premiums. Financial Architects will be happy to advise you about any of the above and assist with applications forms. Contact us today 0872969182/0419889640

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