Why do I need Serious Illness Protection?
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.