If Owen successfully claims his serious illness cover, how much life cover will he have remaining?

When someone successfully claims their serious illness cover, it triggers a payout from the insurance policy specifically designated for that purpose. Typically, serious illness cover is a distinct component of a life insurance policy and may not affect the overall life cover amount, depending on the terms of the policy.

In this scenario, if Owen has life cover of €100,000 and has claimed his serious illness cover but the life cover remains intact, he will still have the full €100,000 of life cover remaining. This is common in policies that allow for separate claims against serious illness cover without reducing the overall life insurance amount.

Thus, the total life cover remaining for Owen is indeed €100,000 after his claim.