Have you got your child's insurance attached to your current Life Insurance policy? This is a new policy and if you haven’t revised your insurances lately it would be a good time to do it now to get this benefit.
It’s a natural desire to want to wrap your child in cotton wool and protect them from harm. But while cotton wool might protect them from sticks and stones, children are just as much at risk of suffering a traumatic event as adults.
Did you know the maximum benefit on the Child’s Critical Illness option has been increased from $50,000 to $200,000? Importantly, you decide how you spent the lump sum payment.
While money can’t buy a quick recovery, it can ease financial pressures you may face during an emotional time. Having Child Cover allows you to focus on your family when they need you most.
This is Lachlan’s story
Three year old Lachlan pulled a bowl of partly made jelly onto himself. The boiling water from the jelly caused third degree burns to his face and hands.
Fortunately, on Lachlan’s 2nd birthday, his parents took out a Child Cover Policy. They were able to claim a lump sum payment of $50,000 which helped pay for:
- The top burns plastic surgeon in Australia
- A part-time nanny to look after their other child
- Lachlan’s mum to be able to take 6 months off work to be with Lachlan during the many operations
Lachlan’s dad was relieved they had taken out Child Cover. Not only because they didn’t have extended family to assist with extra child care, but the family was able to concentrate on Lachlan’s recovery without feeling financial pressure. He was able to continue running his own business, knowing the welfare of both his children was being looked after.
If you would like to have a free review on your current insurances to make sure you have this added benefit feel free to visit my website to book an appointment www.insuranceforliving.com.au
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