Children and Critical Illness Insurance
An increasing number of critical illness insurance companies now
cover children from the age of three, as standard. However,
Critical Illness Insurance companies generally do not cover any
illness or disability that a child was born with or had at the
time the policy was taken out. If you have children, then you
may want to consider taking out a critical illness insurance
plan with this benefit.
If you are interested in covering your children under your
critical illness insurance, we suggest that you speak to the
provider you are thinking of using about how much you can insure
them for. This is because all critical illness insurance policy
terms vary by provider.
Prior to taking out a critical illness insurance policy it is
very important that you read the Key Features Leaflet. This is a
document that you receive from critical illness insurance
companies outlining the policy you are considering and exactly
what it covers and excludes.
The information contained in the Key Features Leaflet will help
you compare different critical illness insurance policies.
The Benefits of Including Your Children in Your Critical
Illness Insurance Policy
If you include your child in your critical illness insurance
policy and he or she develops an serious illness covered by the
plan, then you will receive a tax free lump sum payment.
You are entitled to keep this payment from your critical
illness insurance even if your child recovers.
The money you receive from your critical illness insurance can
be spent however you choose. For example, you may wish to spend
it on the provision of medical care and treatment for your
child.
What to be Aware of When Including Children in Your Critical
Illness Insurance
In most cases critical illness insurance does not automatically
include Bacterial Meningitis.
Therefore if you want your child to be covered for Bacterial
Meningitis you should extend your critical illness insurance to
cover it.
About the author:
Critical
Illness Insurance UK
Critical
Illness Cover UK
