Serious Illness Cover in Rathfarnham

Serious illness cover is an insurance policy that provides a lump sum payment if you are diagnosed with a serious illness covered by the policy. The payment helps with medical bills, everyday expenses, or any financial obligations during your recovery.

Common illnesses covered include cancer, heart attack, stroke, multiple sclerosis, and organ failure. The list of covered illnesses may vary depending on the insurer, so it’s important to review the policy details.

Life insurance provides a payout to your beneficiaries if you pass away during the policy term. Serious illness cover, on the other hand, pays out when you are diagnosed with a covered illness, helping you financially during recovery rather than at the end of life.

Yes, you can have both. Many people choose to add serious illness cover as an additiona to their life insurance policy or have it as a separate policy for more comprehensive coverage.

The cost of serious illness cover depends on factors such as your age, health status, amount of cover, and the length of the policy. Premiums will also vary depending on the level of cover and whether additional benefits are included.

Once a claim is approved and the lump sum is paid out, the policy will no longer provide cover for the illness you claimed for. However, you are free to use the payout as you see fit, even if you recover.

Yes, many people add serious illness cover to their mortgage protection policy. This ensures that if you are diagnosed with a serious illness, you will receive a lump sum that can help pay off your mortgage or cover other expenses.