Life Company Spotlight: Zurich
This is the final blog in our series where I highlight our favourite features offered by each life company. For impartiality, I’m writing in alphabetical order. (Aviva, Irish Life, New Ireland, Royal London & Zurich) It is important to note, some features are more impactful than others, some come with additional costs and some are standard policy features. For detailed information, send me a message anytime.
Notable features offered by Zurich:
Zurich offer other beneficial features, below details features exclusive to Zurich
Waiver of Premium: When selected, Zurich Life will pay the policy premium if the life assured is unable to work to due illness or injury -a deferral period of 13 weeks applies to mortgage protection and 26 weeks to term life insurance. This means you have one less bill to worry about when faced with a loss of income.
Serious Illness Cover Booster Payment: Zurich offer a “booster” payment of up to €50,000 for certain severe conditions as follows: Alzheimer’s, Dementia, Motor Neuron Disease, Parkinson’s, Parkinson’s Plus Syndromes, blindness, coma, loss of hands/feet, loss of independent existence, loss of speech, paralysis of any limb, third degree burns & traumatic head injury.
Cancer Cover: Zurich created a cancer only serious illness policy. Their cancer cover policy is offered at a lower rate than traditional serious illness cover to account for the reduced cover. It is a fair and practical offering considering 1 in 2 people in Ireland will have cancer at some point in their lifetime. It may be suitable for someone with preexisting conditions that would otherwise be declined serious illness or multi-claim protection. Detailed information on this product here.
Their Claims Ethos: While all life companies in Ireland boast over 95% claim payment rates year on year -in our experience, Zurich have the most client centered claims approach. When dealing with serious illness or the loss of a loved one, a seamless claims process is invaluable.
Queries, feedback, or want to secure a Zurich policy? Contact me anytime.
021 4521328 roshea@olearylife.ie
Rachel O’ Shea, Protection Manager.