Cancer cause of most life insurance claims
Published 18/03/2014 | 05:30
CANCER was the biggest cause of life insurance and specified illness cover claims processed by Irish Life and Canada Life assurance companies in Wexford in 2013, with more than €2.1m paid out. The data, which for 2013 includes claims for both Irish Life and Canada Life, details the illnesses and conditions that led to payments of €169 million throughout Ireland, in life insurance and specified illness cover claims in 2013.
The figures show cancer accounted for 22 of the 51 life insurance claims paid by the insurers last year in Wexford, while cancer also accounted for 15 of the 31 claims for specified illness cover claims paid in the county.
The average age at death in Wexford in 2013 was 60 for life insurance claims and just 46 for specified illness cover. This compares to national averages of age 63 for life insurance and 52 for specified illness, according to Irish Life's claims data for the country overall.
Gerry Hassett, managing director of Irish Life Retail, said: 'The scale of the life insurance and specified illness cover claims paid show the clear need for people to look after the interests of their dependants in the event of death and serious illness.'