Protecting Your Finances & Lifestyle If Your Child Becomes Seriously Unwell

 

Child in Hospital

 

Many of us take out life insurance policies with the primary purpose of ensuring our family is financially secure should something ever happens to us (the adults) & we’re unable to support the family for a period of time.

However, one area that is often overlooked when reviewing insurances is the huge financial & emotional impact having a seriously ill or injured child to care for, can have on a family. The need to have time off work, attend specialist & hospital appointments, arrange alternative childcare for other family members, not to mention the mounting medical bills.

For many years Kids Cover didn’t exist & let’s be honest the thought of setting up insurance cover for kids can be quite confronting.  As parents, grandparents, caregivers, we don’t want to think about anything bad happening to our children however reality is, should our children need serious medical care it can be extremely costly & have a significant impact on the lifestyle & wellbeing of the whole family.

The financial stress that comes with having a child with serious illness or injury can make an already extremely challenging time, even more difficult.

Now there are options available for kids cover in the market & if you happen to hold life insurance with Asteron you maybe eligible for up to $50k of Kids cover for FREE.

Things to Know About Kids Cover

  • Large variety of medical conditions & surgical procedures are covered from heart, respiratory, nervous system conditions, to cancer, transplants, intensive care costs, loss of limbs & burns. (for full coverage details get in touch with Neil)
  • Additional cover can be added for as little as $1 per month per $10,000
  • Policies can often be transferred to an adult policy once they are older without need for further medical assessments.
  • Approved claims are general paid as a lump sum payment to you, making it easier to pay recovery-related expenses as they occur.

If it’s been a long time since you’ve reviewed your insurances, or your situation has significantly changed since your last review then now maybe a good time to make sure you’ve got all your bases covered.

To discuss if kids cover is right for your family & for specific policy details talk to our insurance adviser Neil Steeman on Ph 0207 545 4003 or neil@ffgl.co.nz

  • Insurance
  • Life Insurance