Specified Illness Cover
Specified Illness Cover provides a lump sum payment if you are diagnosed with an illness outlined in the policy document. Typically, such illnesses are very serious or life threatening and they include cancer, stroke, heart attack, multiple sclerosis and motor neuron disease. The range of illnesses covered and the definitions provided can vary considerably.
Costs also vary from provider to provider and we can help you choose the right plan for you.
Income Protection
Our income is the fuel for our lifestyle. A very few are unaffected by a sudden or unexpected drop in what they earn. How would you cope?
An Income Protection policy can provide you with a long term replacement income if you cannot work due to illness or injury. Importantly, it is neither illness nor injury specific.
An Income Protection plan usually has a deferred period of 13, 26 or 52 weeks. It can be shorter. Once this agreed period has elapsed, the income protection benefit is paid to replace up to 75% of the income lost less any social welfare benefit.
Cover can run to retirement age depending on your occupation and your choice.
Premiums are generally tax deductible and this cover is an essential consideration for the self-employed.