Irish Life Claims
Irish Life recently released their protection review for 2019 which confirmed that over €6 million (150 claims) was paid out EVERY WEEK in claim payments to their clients. That is almost 8,000 families during 2019 receiving protection at a very difficult time.
Interestingly, with over twice as many claims for living benefits, this reports shows that there is a very real need for you to protect yourself and not just your family, in case of an illness or injury.
However, according to Coyne Research in 2018;· Just UNDER 1 IN 5 had cover against a serious illness,· Only 13% have income protection,· While almost 1 IN 2 had no cover at all – not even Life Insurance!
Some Key Facts from Irish Life’s claims:- Almost 2 in 3 specified illness cover claims were for cancer (malignant). – Prostate cancer and breast cancer were the biggest causes of claims for men and women respectively.- Mental health is now the biggest causeof Income Protection claims – increasing from 19% in 2018to 22% in 2019.
Proper personal protection is very important for your sense of financial wellbeing so if you are unsure about any aspect of this, Eolas Money are here to help. Contact us on firstname.lastname@example.org or 052 6129696.