Fri, Feb
20 New Articles

Cancer biggest cause of life insurance claims in Mayo


Cancer biggest cause of life insurance claims in county

Áine Ryan

CANCER was the biggest cause of life insurance and specified illness claims in County Mayo in 2013, according to the country’s biggest life assurance company, Irish Life and Canada Life. It has confirmed that over €6.1 million was paid out in the county in respect of 86 death and specified illness cover claims last year.
The average age of death in Mayo for life insurance claims was 63 years and only 49 for specified illness claimants, three years lower than the national average.
A breakdown of the figures shows cancer accounted for 21 of 52 life assurance claims and the disease also accounted for 21 of the 34 specified illness cover claims paid in the county last year. Overall in 2013, Irish Life and Canada Life paid out €3.6 million for 52 deaths in Mayo and a further €2.5 in respect of 34 specified illness cover claims.
Gerry Hassett, Managing Director, Irish Life Retail said: “The scale of the Life Insurance and Specified Illness Cover claims paid shows the clear need for people to look after the interests of their dependants in the event of death and serious illness.”