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Serious Illness Cover

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For most of us, our ongoing good health and vitality is something we take for granted. We’re happy to get on with living our lives.

The risk of suffering a serious illness that could impact our day-to-day living is, quite reasonably, something we’d rather not spend a lot of time thinking about. But consider it, if even just for a moment… imagine the consequences of a major serious illness – like cancer, a heart attack, or a severe stroke. The repercussions could have a very negative impact, both personally and financially, on you and your family. It could also have major implications for your business partners.

Think about it. How would you cope?

The financial effects of suffering a serious illness can be devastating. How would you manage? How would you take care of your family’s financial needs such as household bills, school fees, motor expenses, and other living costs? There may also be additional financial strains caused by suffering a serious illness, such as ongoing medical treatment, loss of work, or the cost of adapting your home or car.

How would your business cope?

If you are a business owner, you’ll know that the serious illness of a Business Partner, key member of staff, or Director can undermine the financial stability of a business. If you were to become seriously ill, how would your business cope with your possible long-term absence? Would your company be able to meet immediate costs such as paying bills or hiring a replacement? How would your business partners manage even greater financial impacts, such as lost profits or potentially buying out your share of the business if you are unable to return to work?

The solution

The blunt truth of the matter is that these costs will still be there if you are unable to work and are recovering from a serious illness. But thankfully, there is a solution available. While we obviously cannot prevent serious illness or disability, the five life insurance companies we work with provide policies with Specified Serious Illness Cover to help lessen or even solve some of the financial problems that may arise.

What is Specified Serious Illness Cover?

Specified Serious Illness Cover provides additional security to you, your family, or your business by paying a guaranteed lump sum if you are diagnosed with one of the 59 specified serious illnesses covered during the term of your policy. You will also be covered under Partial Payment Specified Serious Illness Cover for an additional 53 specified illnesses.

This cover is offered through the five life insurance companies we work with. This cover is provided by the five life insurance companies we work with. As your Financial Broker, Malahide Insurance Shop will guide you through the available options and help tailor a plan that best meets your needs.

Please note: Not all incidences of illnesses will be covered under these policies. Life Assurance companies will only pay a claim based on their Specified Serious Illness Cover definitions.