Serious IIlness Cover
Have you considered how you and your family would cope financially, if you or your spouse became seriously ill or were totally and permanently disabled?
Unfortunately, financial hardship as a result of a serious illness is a very real prospect for many families, as:
- Three out of Five of the Irish population will suffer from a critical illness at some time during their lifetime.*(Source: Swiss Re Life & Health)
- People are four times more likely to suffer from a critical illness before age 65 than they are to die before that age.*(Source: Swiss Re Life & Health)
- Over 29,000 people are diagnosed with cancer every year in Ireland. *(Source: National Cancer Registry of Ireland report 2007-2009).
Why is Serious Illness Cover needed?
- Pay off borrowings (mortgage, loans).
- Travel and accommodation when attending treatment centres
- Helps to maintain your quality of life, your dignity and pride (suggested 3-5 times salary)
– car, home improvements to cater for disablement
– finance a break when needed most - Pay medical expenses and hospice care
- Invest lump sum to provide you and your family with an income boost
People recover from serious illness as a result of advances in medical science and technology:
- heart surgery is no longer a rare event
- organ transplants are carried out regularly
- treatments for cancer and kidney failure are common
However, people often do not return to work.
Specified Illness cover provides a lump-sum cash payment for you on diagnosis of one of over 38 conditions. You can choose to buy specified illness cover in the following ways:
- Stand-alone specified illness cover (by itself)
- Independent Specified Illness Cover (with life cover) or
- Accelerated specified illness cover (which you have to take out with life cover).
Here to help & advise
Click here to arrange an appointment with a specialist AIB Financial Adviser or call in to your local Branch.
For further information, brochures or guides please see the Related Information box on the right hand side of this page.
Allied Irish Banks, p.l.c. is a tied agent of Irish Life Assurance plc, for life and pensions business. Allied Irish Banks, p.l.c. and Irish Life Assurance plc are regulated by the Central Bank of Ireland.