If you are the sole or main income earner in the household and you were to suffer from serious illness, who would pay for the mortgage? This form of cover has become increasingly more popular in recent years as individuals realise that the chances of becoming seriously ill, suffer a disablement or have a serious accident are far greater than dying.
This is indeed a grave notion but one which forces people to think about how they would replace their income should they suddenly find themselves unable to work.
Protecting your salary is the key here where the policy replaces your lost income generally in 2 ways, by way of a lump sum (illness cover) or a % of your weekly wage (income protection).
A combination of both options is generally the most recommended solution. Personal accident benefit and broken bones benefit are additional add-on features that prove very useful when covering lost earnings.
Carty & Cullen Limited T/A Carty Cullen is regulated by the Central Bank of Ireland
Registered Address: Unit 1F, Deerpark Business Centre, Claregalway Road, Oranmore, Co Galway.
Registration Number: 331316 - Registered in Co. Galway.
Directors : Michael Carty & George Cullen
Phone: (091) 751 067 - email: email@example.com