Protect Your Finances with Serious and Critical Illness Cover
Are you prepared for the unexpected health challenges that life may throw your way? At Greenway Financial, we give you advice to secure your financial well-being during challenging times. Serious and critical illness cover protects you and your loved ones against the financial burdens of serious illnesses.Â
Call us today or fill out our contact form to secure your future with comprehensive coverage.
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Why Choose Greenway Financial for Serious Illness Cover advice in Ireland?
Choosing the right provider for your serious and critical illness cover is crucial to ensuring you receive the best protection. Here are five reasons why Greenway Financial is your ideal choice for choosing your serious and critical illness cover in Ireland.
Expertise in Financial Advice
At Greenway Financial, we have years of experience in providing tailored financial solutions. Our team of experts ensure you get the most comprehensive protection suited to your needs. We stay updated with the latest industry trends to offer you the best advice.
Comprehensive Coverage Options
We deal with a wide range of providers, offering critical illness cover, multi-protection cover, and specialised products like cancer cover. This ensures that you can choose a policy that best fits your unique circumstances. Whether you need a standalone policy or life and critical illness cover, we have you covered.
Personalised Service
Our approach is personalised to meet your specific needs. We take the time to understand your financial situation, health concerns, and future plans. This enables us to recommend the most suitable serious and critical illness cover & provider, ensuring you are protected.
Competitive Pricing
We find you the best value for your money. Our providers are competitively priced without compromising on the quality of coverage. By choosing Greenway Financial, you can be assured of receiving premium service at an affordable cost, with options to tailor your policy to your budget.
Supportive Claims Process
We understand that dealing with a serious illness can be stressful. That’s why we work with you to make the claims process as straightforward as possible. Our knowledgeable team will work with you and the provider to support you every step of the way, ensuring a smooth and hassle-free experience during difficult times.
Illnesses Covered Under Our Serious and Critical Illness Cover
Knowing what illnesses are covered is essential to making an informed decision about your policy. Our serious and critical illness cover providers protect against a broad range of conditions to ensure you are comprehensively covered. We’ll make sure you understand your policy, and the illnesses & conditions covered.
Cancer
Our providers cover various types of cancer, providing financial support during diagnosis and treatment. This includes common cancers such as breast, prostate, and lung cancer.Â
Depending on the type of cancer, and the stage, our providers may make a full or partial payment.
Heart Conditions
Our providers cover cardiac arrests, (heart attacks), and can make full & partial payments for a range of other heart conditions.
Stroke
Serious strokes, resulting in permanent symptoms, are covered by all providers.
Major Organ Transplant
Our providers cover major organ transplants, ensuring that you are financially supported if you undergo a life-saving transplant procedure. This includes transplants for organs such as the heart, liver, and kidneys.
Different Conditions
Each provider has a slightly different list of conditions they cover. We’ll help you to understand the options in full before you make your decision.
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How Does Serious Illness Cover Work with Life Insurance?
Combining serious illness cover with life insurance can provide comprehensive financial protection. Here are five key aspects to consider.
Standalone vs. Accelerated Cover
Standalone serious illness cover operates independently from your life insurance, providing separate cover solely for serious illnesses.Â
Accelerated cover combines both, allowing you to claim for a serious illness, which reduces the overall life cover amount. This approach can streamline your coverage but requires careful consideration of your future needs.
Policy Payouts
With life and critical illness cover, you receive a lump sum payout upon diagnosis of a specified illness. This payout can be used to cover medical expenses, household bills, or any financial obligations. The lump sum provides immediate financial relief, ensuring you can focus on recovery without financial stress.
Impact on Life Cover
When you claim under an accelerated policy, the payout for a serious illness reduces the remaining life insurance cover. This means that if you claim for a serious illness, the payout upon death will be less. Understanding this impact helps you plan for long-term financial security.
Combining Benefits
Combining life and critical illness cover allows you to benefit from both protections in one policy. This approach simplifies management and can often be more cost-effective than purchasing separate policies. It ensures comprehensive coverage, protecting in multiple scenarios.
Benefits of Adding Serious Illness Cover to Your Financial Plan
Adding serious illness cover to your financial plan can offer many benefits. It provides a safety net during unexpected health challenges and ensures financial stability. Here are the key benefits:
Financial Security
Serious and critical illness cover provides a lump sum payout upon diagnosis of a serious illness. This financial support helps cover medical expenses, ongoing care, and household bills. It ensures you and your family are financially secure during challenging times, allowing you to focus on recovery.
Reduce Burden
Knowing you have comprehensive financial safety, if you are diagnosed with a serious illness, your finances won’t be an additional burden. This allows you to live your life without constant worry about the future.
Protection Against Income Loss
A serious illness can impact your ability to work, leading to income loss. Serious illness cover will allow you to claim an initial lump sum payment, but for ongoing income security, speak to one of our advisors about Income Protection, a regular payment for as long as your unable to work.
Customised Financial Planning
Serious illness cover allows for tailored financial planning. You can customise your policy to align with your specific needs and financial goals. This flexibility ensures that your financial plan is comprehensive and suited to your unique circumstances, providing optimal protection and security.
Frequently Asked Questions
What is Serious Illness cover?
Serious illness cover, also known as critical illness cover, provides a lump sum payout if you are diagnosed with a specified serious illness such as cancer, heart attack, or stroke. This financial support can be used to cover medical expenses, mortgage payments, and other living costs during recovery​.
How does Serious Illness cover through Greenway Financial Advisors differ from Income Protection?
Serious Illness cover pays a one-time lump sum upon diagnosis of a specified illness, while Income Protection provides a regular income if you are unable to work due to illness or injury. Income Protection can be claimed under a broader range of conditions, including accidents and mental health issues.
What Illnesses are typically covered under Serious Illness cover?
Common illnesses covered by our providers’ policies include cancer, heart attack, stroke, multiple sclerosis, and major organ transplants. Each policy varies, so it’s important to check the specific illnesses covered by your insurer.
Can I add serious illness cover to my life insurance policy application through Greenway Financial Advisors?
Yes, you have the option to add serious illness cover to your life insurance policy when you apply, either as accelerated or stand-alone cover. Accelerated cover reduces the life insurance payout by the amount claimed, while stand-alone cover does not affect the life insurance payout.
How much does Serious Illness cover cost?
The cost of serious illness cover through Greenway Financial Advisors depends on several factors, including the amount of cover, your age, health, lifestyle, and the term of the policy. Generally, it is more expensive than life insurance, because there’s a higher chance of you claiming against this policy.
Are children covered under Serious Illness policies?
Yes, children can be covered under their parent’s Serious Illness policy. Coverage typically includes illnesses such as meningitis and may offer up to 50% of the parent’s cover amount, with a maximum limit specified by the insurer. Speak to your Greenway Financial Advisors expert about your needs.
Need Comprehensive Illness Cover? Contact Greenway Financial Today!
At Greenway Financial, we can advise you on serious and critical illness cover to give you the financial security you need in the face of unexpected health challenges. Our tailored advice ensures you and your loved ones are financially supported through the toughest times.
Contact us today to learn more about our comprehensive coverage options and get a serious illness cover quote. We aim to respond within 2-4 hours of receiving your inquiry, and for urgent assistance, you can call us directly. Secure your future with Greenway Financial’s expert protection services.
Greenway Financial Advisors Limited is regulated by the Central Bank of Ireland. Registered No. C168372