If your child was to be diagnosed with a critical illness, it could lead to major financial difficulties. Struggling to fund your family should never be your priority when your child is suffering. Here at The Mortgage Brokerage, our specialist protection advisers can help you with all of your insurance needs.
How it works
Children’s critical illness cover is an additional benefit to your critical illness cover. The insurance will pay out a lump sum to help support your family if any of your current or future children were to be diagnosed with a serious condition.
This cover is not a stand-alone product, so as a parent or legal guardian this can be added to your own policy.
How it pays out
If your child is diagnosed with one of the illnesses listed within the policy, you will receive a tax-free lump sum which will be a percentage of your full cover amount.
The money received can help with:
- Costs towards the treatment your child may receive
- Adapting your home with equipment to aid your child
- Covering household costs, particularly if you (or your partner) need to take time off work to look after your child
It is a contribution to your family’s finances however you may need it.
Do I need cover?
No one wants to run through worst-case scenarios concerning their child but sadly children’s benefits are claimed more than you might imagine. Careful consideration of insurance means you as parents can have peace of mind.
This is a kind of insurance you hope to never need, but if you do, it can be invaluable. You don’t want to be worrying about money while you are already worrying about your little one. We work with a panel of insurers to ensure you get the right cover for you and your family.
For more information contact us today.
