I applied to Friends First for permanent health insurance/income protection and they have accepted me with one big exclusion - Parkinson's disease.
I wasn't really surprised as there's a history in the family. Now I'm wondering if the level of cover they are prepared to offer is worthwhile?
I'm in my 40s with no health problems. Myself and partner both earn about €50k a year each, the mortgage is paid off and we're making maximum contributions to SSIAs and pensions. We live modestly so have a good deal of spare cash. I've full PRSI contributions so, in worst case scenario, I'm entitled to disability payment.
Is it reckless to rely on social welfare plaus savings in the event of illness? It's looking like a better option than an insurance policy which, in my case, would have a gaping hole in the cover provided.
I wasn't really surprised as there's a history in the family. Now I'm wondering if the level of cover they are prepared to offer is worthwhile?
I'm in my 40s with no health problems. Myself and partner both earn about €50k a year each, the mortgage is paid off and we're making maximum contributions to SSIAs and pensions. We live modestly so have a good deal of spare cash. I've full PRSI contributions so, in worst case scenario, I'm entitled to disability payment.
Is it reckless to rely on social welfare plaus savings in the event of illness? It's looking like a better option than an insurance policy which, in my case, would have a gaping hole in the cover provided.