Protecting you from the
biggest risk you will face
You probably consider dying to be one of the biggest risks you'll face. And to protect your family you might have life insurance in place. If you do, it's a great first step. If you die within the term of your cover, you are covered. If you don't die, you are not covered. It's as simple as that.
Unfortunately, life isn't that simple.
While death comes to us all, it's serious illness that perhaps is our biggest risk. In fact, you are much more likely to suffer from Cancer, a Heart Attack, or a Stroke before age 65 than you are to die.
And what if you do become seriously ill and you can't work? What if you find yourself struggling financially at a time when money should be the last thing on your mind?
That's why you should have serious illness cover.
If you do suffer a serious illness,
What could you rely on?
Firstly, you should check with your employer to see what sick-pay arrangements they have in place. You could be surprised at how generous (or how poor!) some sick-pay arrangements are.
If you are an employee, you will be entitled to social welfare benefits. Unfortunately, if you are self-employed or a company director you will not receive these benefits.
You should also review what cover you already have in place - are you familiar with the terms of your existing policies?
Consider the savings you have. Ask yourself how much you need to spend every month and work out how long your savings could last. Unfortunately for many Irish people, their savings may not last as long as they hoped.