Life can be chaotic and often unpredictable. It can knock you down and keep you there when you attempt to rise again. However, life is also meant to be experienced to the fullest and with freedom. This is why, when confronted with significant challenges such as a serious illness, it’s crucial to have your lifestyle protected. We aim to help you concentrate on living rather than merely surviving. We will provide you with assurance during uncertain times, accompanied by empathy and compassion. We are here to ensure that your life is safeguarded.
What is Critical Illness cover?
Critical illness cover pays you a lump sum, if you are diagnosed or contract a critical illness covered by the benefit. Specified Illness Cover & Serious Illness Cover mean the same thing as Critical Illness Cover.
Why should you consider Critical Illness cover?
If you are diagnosed with, or contract, a critical illness, there are likely to be changes to your lifestyle and the way you live your everyday life.
The lump sum payment is intended to help you manage any expenses related to the lifestyle adjustments you may need due to your illness, as well as to address any unforeseen costs that arise during your treatment or recovery. These expenses can include hidden costs that exceed your standard treatment fees. Depending on your individual circumstances, the payout can be utilized for additional expenses such as hiring a healthcare provider, transportation to medical appointments, or making necessary modifications to your home or vehicle.
Critical Illness cover that suits your needs
The Living Lifestyle benefit provides a one-time payment for claims related to more than 150 specified critical illnesses. These illnesses are categorized into 31 distinct benefit groups, which include conditions such as cancers, strokes, heart attacks, paralysis, dementia, and
others. Among these categories is a Catch-All category that offers extra coverage for rare and unidentified critical illnesses not included in the other 30 categories.
Where can I get a Critical Illness cover quote?
For a comprehensive quote, contact a Livingstone Financial Services Ltd Financial Broker, who will prepare a critical illness cover quote that may best suit your needs. One of our qualified Financial Advisers will complete a holistic financial needs analysis to ensure that we are able to give you specific cover for your unique needs. They will also be able to provide more details about benefits, definitions, guarantees, fees, taxes, limitations, charges, premiums or other conditions and associated risks.
You can call us, or if you prefer, fill in an online form and we’ll call you back.
Disclaimer
The information contained in this document does not constitute advice by Livingstone Financial Services t/a Affordable Quotes. Any legal, technical, or product information contained in this document is subject to change from time to time.
Any recommendations made by your adviser or broker must take into consideration your specific needs and unique circumstances.
Frequently asked questions
What is critical illness cover?
Critical illness cover, pays you a lump sum, Tax Free if you are diagnosed with a critical illness that is covered by the benefit. Critical illness cover acts as a vital financial support system for individuals dealing with serious health issues in Ireland. It enables them to effectively handle their financial obligations during recovery phases, alleviating concerns related to income loss or medical costs.
Why should you consider critical illness cover?
If you are diagnosed with, or contract, a critical illness, there are likely to be significant changes to your lifestyle and the way you live your everyday life.
The lump-sum pay-out is intended to assist you with any expenses associated with the lifestyle changes, as a result of the illness, or to cover any unexpected costs incurred in your treatment or recovery. These may include any hidden costs incurred over and above your treatment costs. Depending on your needs, the cover pay-out can be used to pay for additional expenses such as hiring a health carer, transport to the doctor or any modifications needed to your home or car.
How much critical illness cover do I need?
Consulting a Financial Advisor
It is recommended to seek the expertise of a financial advisor who focuses on insurance products. Such professionals can offer tailored advice that takes into account your unique circumstances and assist you in exploring the various policy options available in Ireland.
Summary of Coverage Recommendations
In conclusion, while a minimum coverage level of €30,000 is generally suggested for most individuals in Ireland who may encounter serious health issues, it is essential to modify this
amount according to personal situations and any existing protections to ensure sufficient financial security.
Where can I get a critical illness cover quote?
For a comprehensive quote, contact a Livingstone Financial Adviser Broker, who will prepare a critical illness cover quote that may best suit your needs. A Qualified Financial Adviser will complete a holistic financial needs analysis to ensure that we are able to give you specific cover for your unique needs. They will also be able to provide more details about benefits, definitions, guarantees, fees, taxes, limitations, charges, premiums or other conditions and associated risks.
You can call us, or if you prefer, fill in an online form and we’ll call you back.