The real financial cost of cancer
Cancer patients and their families face a financial crisis while they are going through their treatment, according to the results of a report published based on research commissioned by the Irish Cancer Society called ‘The Real Cost of Cancer’.
The average extra spend per month for a cancer patient is €862, even for patients with a medical card or private health insurance, according to the survey.
Those who cannot work, work less or lose income as a result of having cancer face an income drop averaging €1,400 a month, or €16,750 per year.
What is serious illness cover?
Serious illness cover pays you a tax-free lump sum if you are diagnosed with a specific illness covered by your policy. This lump sum can be used to pay living expenses, your mortgage, short-term debt and your medical expenses, if necessary.
On the diagnosis of certain illnesses covered in your policy the full capital sum insured is payable and for other, less serious illnesses, part of the capital sum is payable.
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.
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