Serious Illness Protection

Serious Illness Cover pays a lump sum benefit in the event you are diagnosed with a Serious Illness specified by the policy. It can be built into your Life Insurance plan or provided as a Stand-alone plan.

Serious Illness Protection Overview

Death comes for us all. But Serious Illness is the biggest risk we face in life. Statistically you are more likely to suffer from Cancer, a heart attack or a stroke before the age of 65, than you are to pass away. 

In Ireland, 1 in 3 people are diagnosed with some form of cancer in their lifetime.

What if any of the above cause you to be unable to work? What if you and your family then struggle financially because of this? Does your employer cover sick-pay for serious illnesses? These are all the questions you should be asking yourself, and what can you do about it?

Thankfully, with medical advances, the chances of surviving a major illness are greater than ever.  However, A Serious Illness, as its name alone suggests; does indicate the possibility that you could be out of work for a very long time, maybe 6 months or longer. Leading to huge financial consequences.

 

The security of a lump sum payment, offers peace of mind with the knowledge that you will be able to pay your bills while you concentrate on getting better.  The funds can be used to pay off your mortgage, assist with utility and medical bills, and even fund the cost of home renovations if mobility access is required, provide after care support, or to undertake training for a different relevant occupation.

Why SafeNET Financial?

  • Maximize Savings: If you haven’t had a recent review on your policy, you could unknowingly be paying too much on your insurance policy. Speak with one of our agents for a free review, and we could save you money today.
  • Quality Cover: Two people are covered under the one policy. But only pays out on one death. For example “Joint Life, First death” will pay out when the first person dies, and nothing when the second person dies.
  • Explaining your cover: If you are unsure about any part of the policy in question, Our fully qualified Insurance advisors will guide you through every step of the way.

When should I take out Serious Illness cover?

The best time to take out Serious Illness Protection is when you are healthy! The healthier you are with any protection product, the less expensive your premiums, as healthier individuals are less risk, being unlikely to have the same rate of claim as their counterparts.

This is especially the case for Serious Illness Protection, statistics show 75% of all protection claims paid out are related to serious illness protection alone.

Serious Illness Protection can be taken out as part of your Life Cover policy, Mortgage Protection policy or as a stand-alone policy, without life cover attached. When taken out as part of your life cover, there are 2 types of Serious Illness Cover. Stand-alone and Accelerated.

What’s Covered?

Most major illnesses are covered by our Serious Illness policies. Some less-common illnesses won’t be listed below. If you are unsure about any policy – It’s better to call us on 057-86-01248.

Some major illnesses that are covered –

  • Cancer
  • Heart Attack
  • Stroke
  • Angioplasty for Coronary Artery Disease
  • Bacterial Meningitis
  • Benign Brain Tumour
  • Cardiomyopathy
  • Coronary Artery Bypass Graft
  • Heart Valve Replacement / Repair
  • Multiple Sclerosis
  • Parkinson’s Disease

Additional Extras Available

Some of these additional benefits are only available from certain insurers. If you require any of them, please notify us.

 

Additional Benefits

  • Children’s Specified Illness Cover
  • Advanced Payment for Heart Surgery
  • Children’s Overseas Surgery
  • Helping Hand
  • Best Doctors (Second Opinion)
  • Children’s Specified Illness Cover Partial Cover
  • Overseas Surgery

Taking out Serious Illness cover..

The best time to take out Serious Illness Protection is when you are healthy! The healthier you are with any protection product, the less expensive your premiums, as healthier individuals are less risk, being unlikely to have the same rate of claim as their counterparts.

This is especially the case for Serious Illness Protection, statistics show 75% of all protection claims paid out are related to serious illness protection alone.

Serious Illness Protection can be taken out as part of your Life Cover policy, Mortgage Protection policy or as a stand-alone policy, without life cover attached. When taken out as part of your life cover, there are 2 types of Serious Illness Cover. Stand-alone and Accelerated.

Can I get Serious Illness added to my Mortgage Protection?

When reviewing with us, Serious Illness Protection can be accelerated to your Mortgage Protection, that in the event of a specified serious illness some or all of the outstanding amount of your mortgage (whichever amount is chosen) can be paid off to release the burden of mortgage repayments while you are recovering.

It is important to note that mortgage protection does not cover your actual mortgage repayments if you cannot work due to sickness or redundancy. In this instance, you would need ‘mortgage repayment benefit’ available from your lender which can be built into your mortgage repayments.

Have I any other options?

If you are unable to get Serious Illness Cover for whatever reason, it might be worthwhile to you to consider “Cancer Only Cover” from Zurich or “Multi Claim Protection Cover” from Royal London. Call us for more details.

What’s next?

Request a review with us online by clicking the button below, or call us on 0578601248 for a free independent market review.

Speak With an Agent

Call our Qualified Financial Advisors who will aid you in completing a full Life Insurance, Pension or Mortgage Review. 

Request a Review

Click below to schedule an appointment. Our Qualified Advisors will review your policy and advise you if you are overpaying or if your current policy is suitable and sustainable into the future.

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