Cancer cover (Tax-free)
From 2020 - 1 in 2 people will be effected by Cancer in their lifetime ( Source: National Cancer Registry Ireland, 2017).
A cancer diagnosis alters health and your life itself in many ways - it can have a substantial financial impact to you and your dependents.
Recognising these incredible challenges is physically demanding enough, without adding in the financial impact.
Cost of cover starts from €10.00 per month !
At Nelson Life we offer a financial planning service that integrates your emergency cash needs, investments, employer protection, sick pay and insurance.
Example;
If you looking for advice to protect you financially in the event that the worst things happens, then we strongly recommend that you consult with us and request a cancer cover and/or specified serious illness protection plan.
EUR 100,000 CANCER COVER FOR A 24 YEAR OLD WILL COST ONLY €10.97 PER MONTH
*SPECIFIED SERIOUS ILLNESS COVER; The risk of being diagnosed with a serious illness at some point in your life is greater as you get older.
Many illnesses that were once incurable can now be treated successfully. However, this can lead to additional expenses while you recuperate.Summary of benefits include:
Protects the well-being of and provides a lump sum payment to your family if you are unable to work.
Provides a tax-free, cash lump sum to you if you are diagnosed with a specific serious illness.
Covers a wide range of illnesses.
Innovative cancer-only option available.
Your policy can cover more than one person.
You can increase cover at times when you need it.
Gives you time to focus on what really matters, getting better
CANCER – Excluding Less Advanced Cases .
Any malignant tumour positively diagnosed with histological confirmation and characterised by the uncontrolled growth of malignant cells and invasion of tissue. The term malignant tumour includes leukaemia, sarcoma and lymphoma except cutaneous lymphoma (lymphoma confined to the skin). For the above definition, the following are not covered: All cancers which are histologically classified as any of the following:• pre-malignant;• non-invasive;• cancer in situ;• having either borderline malignancy; or having low malignant potential.• All tumours of the prostate unless histologically classified as having a Gleason score of 7 or above or having progressed to at least clinical TNM classification T2bN0M0.• Chronic lymphocytic leukaemia unless histologically classified as having progressed to at least Binet Stage A.• Any skin cancer other than malignant melanoma that has been histologically classified as having caused invasion beyond the epidermis (outer layer of skin).The term ‘cancer’ is used to refer to all types of malignant tumours. A malignant tumour usually grows quickly, often invades surrounding tissue as it expands, and can spread via the bloodstream or lymphatic system to form more growths in other parts of the body. A claim can be made if the Life Insured is diagnosed as suffering from a malignant tumour that has invaded surrounding tissue, unless the type of cancer is specifically excluded. Your claim must be supported by a microscopic examination of a sample of the relevant cells. This is known as a ‘histology’ and would usually be carried out as part of a normal hospital investigation. All forms of lymphoma (a cancer of the lymphatic system), including non-Hodgkin’s disease are covered. Malignant melanoma (a serious form of skin cancer) is the only form of skin cancer that is covered. This is because most other forms of skin cancer are relatively easy to treat and are rarely life threatening. This definition does not cover ‘non-invasive cancer’ or ‘cancer in situ’, which means that the cancer is in its early stages and has not spread to neighbouring tissue or is of a type that is contained and will not tend to spread. As these cancers have been detected at an early stage, they are unlikely to be life threatening. Source : this information is taken from Zurich Life Guaranteed Term Policy Document July 2018.*quotation for 25 year old next birthday, non smoker, standard medical rates with a 20 year term. Acceptance subject to underwriting. Terms and conditions apply. Government levy of 1.00% payable in addition to the above premium.
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | office@nelsonlife.ie
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Nelson Life Limited trading as Nelson Life is regulated by the Central Bank of Ireland.
WARNING: Past performance is not a reliable guide to future performance. WARNING: The value of your investment may go down as well as up. WARNING: You may lose some or all of the money you invest. WARNING: These funds may be affected by changes in currency exchange rates. WARNING: If you invest into this product you will have access until you retire (Pension Products). WARNING: The above content does not constitute investment advice, as it does not take into account the investment objectives, knowledge and experience of financial situation of any particular person. Prospective investors are advised to make their own assessment of the information contained herein and to obtain professional advice suitable to their own individual circumstances. WARNING: The information contained in this document is based on our understanding of current tax legislation and the current Revenue Commissioners interpretation thereof and is subject to change including retrospectively without notice. This is intended as a general guide only and is not a substitute for professional tax, legal and investment advice.