Serious Illness

What Is Serious Illness Cover?

Serious illness cover (also known as specified illness cover or critical illness cover) will pay you a tax-free lump sum if you are diagnosed with a serious illness that is covered by your policy. You can choose to buy your serious illness cover either individually or in combination with life insurance or mortgage protection. There are up to 90 different serious illnesses covered, depending on the insurer you choose.

Life serious illness

Why do you need a Serious Illness Cover?

  • Life serious illness An important living benefit of life insurance

    If included in the policy, it can pay out while a person is still alive.

  • Life serious illness Lump Sum Cash payout

    Claim amount can help the insured to recover from illness without financial woes.

  • Life serious illness Free children’s specified illness cover

    This additional benefit is available as part of parents cover, subject to conditions.

  • Life serious illness Financial Peace of mind

    Being diagnosed with Serious illness will likely have some financial consequences.This policy can give you and your family some financial peace of mind if you are diagnosed with a serious and long-term illness.

  • Life serious illness Affordability

    Serious illness cover plans are flexible, meaning a plan can be tailored to match your budget.

  • Life serious illness Kids Cover Included

    If you have serious illness cover in place, your kids will also have serious illness cover FREE of charge. This is a very attractive benefit for parents with young children.

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Life serious illness

Financial Support in the event of Serious Illness

Serious Illness Cover is opted as an additional benefit to most life insurance policies. It can be purchased as standalone or combined with life insurance and mortgage protection under one policy.

Life serious illness

What is Specified Serious Illness Cover?

Specified Serious Illness Cover, also known as critical illness cover or serious illness cover

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Life serious illness

What Specified Serious Illnesses are Covered?

The specified serious illnesses covered can vary, with some insurers covering up to 91

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Life serious illness

Why should I have a Specified Serious Illness cover?

The reality is serious illness can strike at any time and the financial implications

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Life serious illness

Different Types of Specified Illness Cover

Accelerated Specified Illness Cover – This type of cover will be linked to a

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Life serious illness

What is the difference between Single, Joint and Dual cover?

Single Cover means one person will be covered under the plan and only one

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Life serious illness

How much Specified Serious Illness Cover do I need?

It depends on many factors including your income, financial commitments, family size, etc.

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How to Choose the Right Serious Illness Cover in Ireland

  • Amount of coverage

    This depends on your personal circumstances. Ask yourself “If I got sick tomorrow and were unable to work, how much of a lump would I need to pay the bills over the medium to long term?”. The goal should be to choose a policy that affords you enough coverage to meet all your financial needs in the event of a serious and long-term illness.

  • Cost of the policy

    This can vary depending on factors like the type of coverage, age, health condition etc. This will involve a balancing act between having a plan with enough Cover and also one that is affordable over the longer term.Always compare quotes from various insurers and pick the one that fits you the most.

  • Exclusions

    Read clearly and understand any exclusions and the terms of your serious illness cover. There may be conditions excluded from the policy and having a thorough understanding of the policy benefits will ensure you know exactly what you are covered for.

  • Insurers Claims History

    Ask for details regarding the Insurer claims history to see how much they pay out on serious illness insurance claims each year. Also, Do not be afraid to ask questions to help you understand the financial stability of the insurance company. Choosing a reputable insurer with a good claim payment history can give you peace of mind that you have chosen the right insurer.

  • Rider Benefits

    These are optional extra benefits you may be able to include in your plan depending on the insurer chosen. For example Accident Benefit, Hospital Cash Cover Benefit.

  • Additional Free Benefits

    Some Insurers offer additional benefits with their serious illness cover plans free of charge. For example,Free GP Service, Counseling Service, Second Medical Opinion Service and more…..

Why Choose Financial Life to Compare Ireland's Serious Illness Insurance Providers

Expert Advice

At Financial Life we have a team of experienced CFP® Professionals, Qualified Financial Advisors, and Retirement Planning Advisors who are dedicated to helping you make informed decisions. Whether you’re planning for retirement, seeking investment opportunities, or looking to protect your family’s financial security, our experts will work closely with you to develop a personalized financial strategy tailored to your unique goals and circumstances.

We Search Market

We will search among Ireland's Leading providers, compare all the benefits of each serious illness cover plan to ensure you are getting the best deal available.

Additional Discounts

We have extra discounts that we can apply which you will not get in the bank.

Client Focused Service

Our approach will work around you and your goals. We will tailor a Serious Illness Cover plan that matches both your goals and your budget.

Trust & Integrity

These words are easier to say and harder to do, but that is our everyday focus in Financial Life.Trust is the cornerstone of our business. We are committed to maintaining the highest ethical standards and acting in your best interest at all times. With Financial Life, you can rest assured that your financial well-being is in safe hands.


What is Helping Hand Benefit?

You get personal support from Royal London through their Helping Hand program.

Among the free extras are:

  • # Including speech therapists, bereavement counselors, in-person medical advice, treatments, massages, and physiotherapy for significant health concerns.
  • # Support for cardiac rehabilitation.
  • # Assistance in managing cancer.
  • # Family assistance such as bereavement counseling following a loved one’s passing


Read more:

  1. 1. What is the Process for Whole Of Life Insurance?
  2. 2. What Advantages Does Whole Of Life Insurance Offer?
  3. 3. What is Inheritance Tax?

What is ‘Best Doctors’?

With all new Income Protection, Mortgage Protection, Life Insurance & serious Illness Cover, Aviva includes their free Aviva Care Benefit which gives you and your family free access to:

  1. 1. Digital GP-At home or on holiday, it offers the peace of mind of being able to speak to a doctor quickly, at a time that suits you. You can get prescriptions sent to your local pharmacy
  2. 2. Best Doctors Second Medical Opinion-You get access to 50,000 world-renowned specialists across 450 specialties and sub-specialties who will work with your own doctors and consultants
    to advise on the best course of action. It can also be used for conditions diagnosed before taking out your cover with Aviva.
  3. 3. Bereavement Support-These services are delivered by Clinical, Counselling, and Health Psychologists registered with the Irish Psychological Society. Appointments can be made at a time to suit you and each session lasts 1 hour. You are entitled to up to five consultations a year. Family Care Mental Health Support-
  4. 4. Their Psychologists are registered with the Irish Psychological Society


Read more:

  1. 1. What is Helping Hand Benefit?
  2. 2. What is the Process for Whole Of Life Insurance?
  3. 3. What Advantages Does Whole Of Life Insurance Offer?


What is the Best Time to Getting Serious Illness Protection?

The simple answer is if you currently have no serious illness cover then right now today is the best time to get cover in place.

Serious Illness Cover is best purchased when you are in good health, this way you will be covered for all serious illnesses listed on your plan. Serious illness cover will NOT cover any pre-existing conditions, for example, if you had cancer in the past and applied for serious illness cover, at a minimum cancer cover would be excluded from your plan.

In most cases, if you are diagnosed with a serious illness then you will likely not be working for at least the short to medium term. Serious Illness Cover will pay a tax-free lump sum on diagnosis of one of the specified illnesses covered such as cancer, stroke, heart attack, and many more. You can use this money for mortgage payments, medical bills, or day-to-day living costs.

You can purchase serious illness insurance as an add-on to your life insurance, mortgage insurance, or as a separate policy from your life insurance. The two types of serious illness coverage available when purchased as part of your life insurance are stand-alone and accelerated.


Read more:

  1. 1. What is ‘Best Doctors’?
  2. 2. What is Helping Hand Benefit?
  3. 3. What is the Process for Whole Of Life Insurance?

How Much will Serious Illness Cover Cost?

Serious Illness Cover is more expensive than Life Insurance for the simple reason that there are more claims made on this benefit. For example, an individual who is aged 30 is more likely to get a serious illness than die over the following 20 years.

The actual cost will depend on the insurance company you select, the level of coverage you desire, as well as elements like your age, whether you smoke, and your general state of health.

It will cost more or you might get less coverage than you intended if you’re in poor health.


Read more about:

  1. 1. What is the Best Time to Get Serious Illness Protection?
  2. 2. What is ‘Best Doctors’?
  3. 3. What is Helping Hand Benefit?

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Mortgage Protection

Repays mortgage if the insured dies or suffers a terminal illness.

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Life Insurance

Ensures the financial stability of the family if the insured dies.

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Life & Serious Illness cover

The insurance plan gives coverage against specific diseases.

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Income Protection

Ensures a regular income for the insured who is unable to work.

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Whole of Life cover

If you are looking for a life cover plan with a guaranteed payout then a Whole Of Life Cover Plan is just for you.

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