When it comes to insurance coverage, there can be a lot of options out there for families with children, making it difficult to select the best packages for them. One of these is critical illness insurance for children, which can be vital to maintaining your family’s daily life should your child fall victim to an unforeseen critical illness.
As one of today’s leading insurance providers, the team from Desjardins Financial Security Independent Network wanted to highlight some of the details and benefits of child critical illness insurance, so read on!
Child Critical Illness Insurance: What Are the Main Benefits?
You may have life insurance and critical illness insurance for yourself, but what if a child falls victim to a critical illness? In some cases, your critical illness insurance can extend to your children, but this isn’t always the case. Sometimes, purchasing child critical illness insurance is the best coverage option.
Should your child be diagnosed with a critical illness and you’re forced to take an extended leave of absence from work, child critical illness insurance helps you keep up with daily expenses. It will also provide financial assistance to make medical payments and purchase medications.
What Types of Critical Illnesses Are Covered?
When it comes to a child’s critical illness insurance, there are 29 different illnesses generally covered by most insurance providers including:
- Neurological Illnesses
- Accident & Functional Loss (blindness, coma, deafness, brain injury, etc.)
- Vital Organ Failure
- Cystic Fibrosis
- Cardiovascular Illnesses
- Autism Spectrum Disorder
A Few Important Things to Consider
Firstly, if you have your own critical illness insurance, be sure to read the fine print and discuss whether your child is covered or not. Additionally, newborn babies often aren’t covered, even if they’ve been born with a serious illness. Contact us if you have any questions or require more information on this.
Let us be your child’s critical illness insurance provider!
When it comes to keeping your family safe and financially stable, investing in child critical illness insurance might be the best option for you. Since 2005, our team of insurance experts has been helping families find the best insurance coverage plans for their needs. We’ve worked with a wide range of clients and have decades of expertise, making us one of the leading insurance providers in the area.
To learn more about the plans we offer and our other services, contact Desjardins Financial Security Independent Network online today or call (416) 695-1433 for a quote.