Cancer the main reason behind life insurance payouts in 2018

Cancer the main reason behind life insurance payouts in 2018

Cancer was the number one cause of life insurance payouts in 2018, according to an annual report from Irish Life.

The report shows there was an 11% increase in the number of claims last year compared to 2017.

The insurance firm paid out almost €300m in life insurance, illness, and injury claims during 2018.

Women claim at a younger age than men at 51 years old, four years earlier than men.

Up to 50% of people have no life insurance cover at all, and only one in five have enough savings to get by in the case of serious illness or injury.

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