Cancer the main cause for Life Insurance payouts in 2018

The main cause of Life Insurance pay-outs in 2018 was Cancer according to Irish Life’s annual report 2018.

Irish Life paid €300 million in combined Life Insurance, Serious Illness and injury claims in 2018. Their report stares that there was an 11% increase in the number of claims last year in comparison to 2017.

A staggering 50% of people have no Life Insurance cover, leaving their family financially drained in the event of death, as only 1 in 5 people have enough savings in place to cover themselves in the event of serious illness, injury or death.

The average cost for a funeral is €4062, but costs can easily escalate depending on the kind of service. Areas of South Dublin a plot alone can cost from €16,000 – €18,000.

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Coronavirus Covid 19 Information

We would like to assure our customers that although this Worldwide Pandemic has struck our Nation hard, we are still here for our new and existing customers. All phone calls and emails will be dealt with accordingly.

In the unfortunate circumstance that a customer contracts COVID-19 and dies, our life policies would pay out in line with our usual claims philosophy.

All Consultations will be held by Phone or Online via Computer/Smart Device to remove face-to-face interactions and keeping in line with social distancing guidelines recommended by the Government.

We at hope you, your family and your loved ones stay safe & healthy in this time.