Serious Illness Cover

D Moloney Financial

Specified Serious Illness Cover

A serious illness can have a dramatic impact on a person’s life. It can prevent a person from working and in some cases take a long time to recover.

Specified Serious Illness cover helps provide financial support to those who are diagnosed with a “serious illness”. The three most frequent claims Specified serious illness are Cancer, Heart attack and Stroke.

How does it work?

With Specified Serious Illness cover a lump sum is paid out if an individual is diagnosed with one of the specified illnesses covered in their plan. The illness must be diagnosed during the term of the policy & meet the providers definition of the illness.

The lump sum payment will assist in the financial implications of becoming ill, for medical treatments, necessary home alterations, helping to pay bills or loans such as a mortgage.

D Moloney Financial

How Much Will It Cost

The cost of a Specified Serious Illness cover policy will depend on a number of different factors, these include:

  • The amount of protection you need
  • Your age
  • The period of cover – the longer the term of the plan, the higher the cost
  • Whether you smoke – smokers pay a higher rate for cover
  • Your current state of health

Please feel free to contact us if you have any questions.