Personal Finance

Personal Finance: How to pick the illness and life cover that’s right for you

There are several factors to bear in mind when choosing insurance products designed to help if you fall seriously ill or die

People tend to be overly optimistic about how they would manage if unable to work due to illness or injury

Illness and injury can arrive without warning, and such misfortunes aren’t as rare as we think. One in five people in Ireland have a long-lasting health condition, according to the latest census, and of that group, almost 400,000 are at work.

Nobody wants to dwell on statistics like this, but to completely ignore them could also be unwise, because the impact of a sudden illness or injury on one’s finances can be debilitating.

It could ...