Benefits Of Serious Illness Cover

A Serious Illness Cover (also known as Critical Illness Cover) in Ireland provides a lump sum payment if you’re diagnosed with a specified serious illness. It’s designed to help you financially during a time of health crisis. Here are the key benefits:

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available or contact richard@quigley.ie for further information.

Lump Sum Payment on Diagnosis

You receive a tax-free lump sum if diagnosed with a covered serious illness (e.g., cancer, heart attack, stroke).

Helps cover medical costs, mortgage repayments, or any other expenses while you recover.

Financial Support During Recovery

Eases the financial burden if you need time off work or can’t return to work immediately.

Can cover:

• Private medical care or overseas treatment

• Home modifications

• Childcare or household support

Covers a Wide Range of Illnesses

Typically covers 30 to 80+ specified illnesses, depending on the provider.

Most common claims include cancer, heart attack, stroke, multiple sclerosis, and organ failure.

Some policies include partial payouts for less severe conditions (e.g., early-stage cancer).

Can Be Taken on Its Own or With Life Insurance

Standalone policy: Only pays out on illness.

Accelerated policy: Paid out as part of your life insurance sum (i.e., reduces death benefit if

claimed).

Additional cover: Pays out separately to life insurance.

Financial Peace of Mind for Families

Reduces the emotional and financial strain on families during health emergencies.

Can ensure ongoing financial stability especially helpful if you have dependents or loans.

Available to Self-Employed & Employees

Particularly valuable for self-employed individuals who may not have sick pay or company health cover.

Fixed Premium Options

Many policies offer guaranteed premiums, meaning your payments won’t increase over time.

Optional Children’s Cover

Many policies automatically include free cover for children for certain illnesses.

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available.