Serious illness cover pays a tax-free lump sum in the event you are diagnosed with a number of specified serious illnesses. There are over 70 such illnesses covered on a typical policy. The cover is available either as a standalone policy or on an accelerated basis with a life insurance policy. Serious Illness policies can have both full and partial payments.
- The chances of a healthy male aged 20-40 suffering a Heart Attack or Stroke before the age of 65 are 1 in 4, and
- The chances of a healthy female aged 20-40 suffering from Cancer, Heart Attack or Stroke before the age of 65 is 1 in 5.
- In 2013 these three illnesses ( cancer, heart attacks and strokes) accounted for almost 82% of all claims.*
Given these figures, is it worth your while providing financial security against this contingency.
*source: Zurch Life, July 14.
If you have any questions about Specified Serious Illness cover and how we can help you put the best plan in place for you or would like to arrange a meeting please contact Damien at: email@example.com and he will be delighted to speak to you.