Today is World Cancer Day Feb 4th 2016


Today is World Cancer Day. While you may not like to think about cancer, you are probably aware of its medical implications and the dramatic effect it can have on your life. But have you ever considered the financial consequences of living with cancer? It is estimated that six in every ten cancer sufferers experience an increase in household bills.* Coupled with potential reductions in earnings due to long periods out of work, this can have a significant impact on your finances. * Source: National Cancer Registry Ireland, 2010.

Cancer Cover is available to anyone aged 18 to 60 (who meet Insurer’s underwriting requirements) and with premiums starting at only €10.10 per month, it is an affordable way of protecting your finances from the effects of cancer.

To give you an idea of costs we have worked out some examples:

Sums Insured
Monthly Premium (Non-Smoker)
Monthly Premium (Smoker)
30 Year Old
20 Years
35 Year Old
20 Years
40 Year Old
20 Years
45 Year Old
20 Years
50 Year Old
20 Years
Cancer Cover can help reduce the financial stress of living with cancer. It gives an important breathing space, to focus on what really matters – recovering from the illness. Cancer Cover pays out a lump sum if you are diagnosed with cancer during the term of the plan, as defined in the Policy Document. Types of cancer that would ordinarily be covered include:
  • Breast Cancer
  • Prostate Cancer
  • Lung Cancer
  • Bowel Cancer
  • Gynae Cancer
  • Testicular Cancer
  • Malignant Melanoma Skin Cancer
  • Stomach Cancer
It is important to realise that some cancers caught in their early stages would not be eligible to claim under this plan, but insurers may provide partial payments for three types of cancer. These are:
  • Carcinoma in situ – oesophagus (treated by specific surgery),
  • Ductal carcinoma in situ – breast (treated by surgery),
  • Prostate Cancer – low level prostate cancer with gleason score between 2 and 6 (with specific treatment).

The financial implications of living with cancer:

A report by the National Cancer Registry Ireland highlighted the severe financial implications of cancer on Irish families. The report highlighted a number of key areas of concern for cancer sufferers. This included:
  • Increased medical costs such as consultant fees and expensive medications.
  • Actual out of pocket expenses such as increased travel to appointments that may be in medical centres of excellence located a distance away from home.
  • Increased utility bills due to the extra time spent at home recovering from surgery.
  • Reduction in earnings due to patients (and their family members) having to take time off work.
This is particularly relevant for those that are self-employed. While many people fear the medical effects of cancer, the adverse financial implications are often ignored. The report highlighted the increased financial stress and financial strain experienced by many households where someone has been diagnosed with cancer. This increased financial stress and strain is associated with a greater likelihood of experiencing depression, anxiety or emotional stress.
A recent article from the Irish Independent highlights this issue and tells the story of cancer patients and how it affected their family’s income –

Talk to us today for a free and no obligation Cancer Cover quote for you and your family. Call our helpful team on +353 (0)1 890 2277 or email Ciara at

Essential Covers for Company Directors and Owners


Being an owner or director of a company is very onerous and invariably you will find that the owner / director puts the needs of their employees, customers, suppliers and pretty much everybody else before their own.

Most directors would not dream of trading without arranging insurance cover on their assets (Premises, Machines, stock, etc) or arranging Employers or Public Liability yet most will trade without arranging cover in respect of themselves.

We list below 3 policies which every owner and/or director should consider:


Income Protection

An income protection policy pays a benefit to the policyholder if they are unable to work due to accident, injury or sickness.

The benefit is paid after a number of weeks and lasts until the selected retirement date or until the policyholder returns to work whichever happens first.

In the event of being injured at work most owners will struggle to have an employers liability claim paid through the courts given they are highly likely to be the one who was in control of health and safety within the business.

Income Protection provides a guaranteed income for the owner / director of the company should they become unable to work due to any accident, injury or sickness whether work related or not.


Directors and Officers Liability

This policy provides cover to defend actions taken personally against Directors by numerous parties including the likes of Regulatory Authorities, Shareholders, Customers and even competitors.

Take for example the recent implementation of the new Companies Act 2014, which places greater responsibility on directors of companies and also provides a large range of enforcements that can be taken for breach of the Act.

This legislation permits that the directors can be sued personally as they can no longer hide behind the limited status of the company.

A Directors and Officers policy provides protection for the directors and officers of the company should they be sued personally.


KeyPerson Insurance

Should a keyperson within the business get ill or die how would the company survive ? They may have to hire somebody temporarily to run the company or they may have to “headhunt” an individual and pay them a sum of money over and above what they are currently paying to replace the individual who has died or is incapacitated.

A Keyperson Life and Serious Illness policy can be taken out by the company on certain key individuals. The benefits are paid to the company who can then use it as they see fit. ( e.g. pay the costs of temporary staff or fund increased salary of new staff, etc.)


Should you wish to discuss any of the above in greater detail please have no hesitation in contacting us on (01) 890 2277.