SERIOUS ILLNESS INSURANCE
Serious Illness Cover
Protect Yourself Against Life’s Unexpected Health Challenges
Facing a specified illness can disrupt your life in many ways, including your finances. Serious Illness Cover (also known as Critical Illness Cover) is designed to ease the financial burden during such challenging times, providing you with the security to focus on your recovery. At Prosperous, we prioritise understanding your individual needs first, building out your financial plan and ensuring that your specified illness cover is tailored to provide real support when you need it most.
Our approach at Prosperous is simple: we’re here to help you protect what matters most, without selling you more than you need. We start by listening to your concerns, evaluating your unique circumstances, and helping you build a plan that offers genuine peace of mind.
What we offer...
Personalised Specified Illness Coverage
Your health, family, and financial situation are unique, and your specified illness cover should reflect that. We begin with an in-depth consultation to assess your needs, potential risk areas, and personal goals. This way, we can recommend coverage that’s right for you, ensuring financial support without overpaying for features you may not require.
Comprehensive Coverage Options
Serious illness cover can vary widely depending on the conditions covered and the level of support provided. Our advisors guide you through the details, helping you choose coverage that aligns with your health history, lifestyle, and financial situation. We ensure your policy is comprehensive yet relevant to your specific needs.
Holistic Financial Support
Serious illness cover is one piece of the puzzle of a well-rounded financial plan. At Prosperous, we incorporate your policy into your broader financial goals, ensuring that it complements other aspects like income protection and retirement savings. This holistic approach supports both your immediate and long-term financial well-being.
Our Serious Illness Cover Process
Initial Consultation
We start by focusing on you – your financial goals, where you want to go, and most importantly, how we can guide you to get there. Once we’ve developed your personalised financial plan, we ensure it’s robust enough to withstand unexpected challenges, such as being diagnosed with a specified illness. The last thing you need during a medical crisis is the added stress of a financial one.
Policy Selection & Customisation
We’ll review any existing cover you’ve arranged yourself, as well as any benefits you may have through your workplace. From there, we’ll provide tailored recommendations to ensure you have the right protection in place, giving you peace of mind that your financial plan remains secure, no matter what life throws your way.
Integration with Financial Plan
Specified illness cover is just one part of a secure financial future. We ensure that your policy fits seamlessly with your broader financial strategy, supporting other protections like income support and retirement planning to create a cohesive financial safety net.
Ongoing Review & Support
Life changes, and so do your needs. We offer regular policy reviews to ensure that your coverage remains aligned with your financial goals and health circumstances.
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Frequently Asked Questions
Specified illness cover provides a lump-sum payment if you’re diagnosed with a specified illness, helping you manage medical expenses, lifestyle changes, and lost income. We’ll guide you through your options and find the right coverage for you.
Most Serious Illness Cover policies include conditions like cancer, heart attack, and stroke, among others. We’ll guide you through the details of your policy, ensuring you understand what’s covered and help you choose the protection that best suits your needs. It’s worth noting that around 75% of all claims are for cancer, heart attack, and stroke. When broken down further, approximately two-thirds of claims for men relate to heart-related issues, while three out of every four claims for women are cancer-related. This insight highlights the importance of having tailored coverage that addresses your specific risks.
While life insurance provides support for your family after your passing, specified illness cover supports you financially while you’re recovering. We’ll explain how both can work together to protect your financial future.
The door is always open in Prosperous, and you are never on the clock with us – if you want to review your current policy and look at replacing it with a new one we are here to help every step of the way.
Prosperous Financial Planning Limited is authorised under Regulation 30 of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 to engage in the business of being a Mortgage Credit Intermediary on behalf of the following undertaking(s): Finance Ireland Credit Solutions DAC t/a Finance Ireland, Avantcard DAC t/a Avant Money, Haven Mortgages Ltd, Dilosk t/a ICS Mortgages