We specialise in Pension, Investment and Life Cover & Protection Advice for Employees
What is Specified Illness Cover?
Specified Illness cover (also known as critical illness or serious illness) pays out a tax-free lump sum if you are diagnosed with one of the serious illnesses listed in the contract during the term of the policy. It’s possible to have single cover, where only one person is insured, or joint or dual cover, where two people are covered under the one policy.
Specified illness cover can give you peace of mind that your financial commitments ie. mortgage/rent, utility bills, education, insurance and living expenses would be covered for a period of time to allow you to give your energy and focus to treatment of your illness.
Does Specified Illness Cover apply to any illness or disability?
No. Each product in the market comes with its own list of up to 40 or 50 specific illnesses and disabilities. Some illnesses are included on most policies, including multiple sclerosis, motor neuron disease, coronary artery disease and aggressive forms of cancer. Many common illnesses are not covered, such as angina, mild stroke, back problems and non-aggressive cancers. Some policies offer a partial payment for illnesses such as breast or prostate cancer. But every product is different and it's important to check the full terms and conditions of each when considering your options.
Do I need Specified Illness Cover?
You may qualify for State Disability Benefit but the amount of this benefit is limited and highly unlikely to support your lifestyle.
If you survive or recover from a serious illness, do you have to return the lump sum?
If, as most people do, you survive your illness long after your initial diagnosis has taken place, there is absolutely no requirement that you return any of the lump sum you receive.
How much does it cost?
It depends on how much cover you need as well as other factors such as your age, health situation and smoking status.
How do I get started?
It's simple, there's two straight forward options; either you call/email us or we call you. All you have to do is choose which option suits you best and click the buttons below.
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PCS Financial Services (Kerry) Ltd. T/A Premier Financial, Premier Life, Employee Pension Advisors and Employee Pension Education are regulated by the Central Bank of Ireland.