What Would Happen If Your Child Became Critically Ill?

Your child becoming critically ill is a prospect that most parents avoid thinking about. However, children’s critical illness is the second most claimed condition by critical illness policy holders; 56% of those claims respond to children suffering with cancer.

Providing for your children while they’re critically ill

As well as a huge emotional roller coaster, taking care of a critically ill child can drain the family finances. Having to spent countless days in hospital could affect your job, causing you to either give it up or reduce your hours.

Does your critical illness cover include cover for your children?

Many parents purchase Critical Illness Cover bearing in mind what would happen to their household if they were to fall critically ill.

Just the idea of explaining your child that he or she will have to fight a critical illness such as cancer is devastating. It is for this reason that most parents unknown there’s critical illness cover for their children.

What are your options when your Critical Illness Cover does not include cover for your children?  

You might have purchased Critical Illness Cover before you became a parent or never thought about the repercussions of your child becoming critically ill.

You might be able to incorporate your children on your Critical Illness Cover for free, just by contacting your insurer. However, some policies exclude children. In this case, you could either opt to swap your policy or take a unique policy just for your children. You can find out more about buying Critical Illness Cover Here.

Be aware if you decide to incorporate your children into your Critical Illness cover. Most policies will only pay out for children aged between 30 days and 18 years of age, and will cap the maximum payout to 20% of the amount you’re covered for.