Article: An unhealthy knowledge of critical illness insurance.(PERSONAL FINANCE)

Byline: CHARLIE WESTON

CRITICAL illness insurance and income protection insurance are the most confusing of all the insurance policies on the market that provide cover against illness or death.

Just over one third of Irish homeowners understood the financial benefits that a critical illness insurance policy could provide if they became seriously ill, according to research carried out by New Ireland Assurance.

But in stark contrast, 87pc of adults had a good understanding of the value of health insurance such as VHI, in the event that they required medical treatment.

It is estimated by ...

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