Critical Illness Cover for Children

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What is critical illness cover (CIC)?

In brief, critical illness cover (or critical illness insurance) is additional cover to your standard life insurance policy that pays out if you become seriously ill – typically with a condition that will prevent you from working again.

Here at Quick Quote Protect, we have a number of articles on CIC for adults in our library for more detail.

Children’s critical illness cover

What is little spoken about with CIC is the amazing cover it gives for your children. Almost all CIC policies provide a level of child critical illness insurance as part of your standard insurance – it’s not an additional bolt-on, but simply comes with the policy.

These benefits for children are significant. If your child suffers a serious illness, the level of care they will need could be overwhelming. With your critical illness policy supporting you financially, you will be able to take the time off work that you need to be with your child, as well as finding the extra money that could provide specialist treatment to see them well again.

What about life insurance for children? Can you get life insurance for a child?

While you can purchase child life insurance in the UK, it is not a product we recommend. The money cannot be used in advance to help your child recover from any illness or injury and will only be there to pay for a funeral should the worst happen. Remember, certain types of life insurance are usually there to cover a lost income, and your child is not an income provider. In most cases, the only thing a child life insurance policy will accomplish is to make an additional bill for you to pay each month!

It is far better for you to put some money aside to save up in case of a tragedy if you are worried about funeral costs or other expenses – then, if the far more likely situation of your child living on into adulthood occurs, you can pass them the savings fund you created for them to use to improve their actual life.

Does my life cover with critical illness cover my child, or do I need stand-alone CIC?

Check with your provider for complete details, but for most, your child is covered in your insurance policy whether it is a stand-alone CIC policy or a standard life insurance with CIC.

If you need some advice or more information on this, simply give us a call at QQL. We can review your current policy, or policies, and make sure you’re fully covered for exactly what you want to be covered for.

What are the restrictions if my child becomes critically ill?

The CIC insurance will cover all your children – including step-children, adopted children and of course, your natural children. Insurance providers understand family dynamics can be complex and do not have a prejudice on your child’s relationship to you – if you consider them your child, so does your insurance provider.

Here’s what you need to know:

• The child must be between 30 days and 18 years old (or 21 if they’re still in full-time education)
• A condition known from birth will be excluded
• A condition known prior to the start of the insurance will be excluded
• There is a 14-day waiting period before a payout will be made
• Maximum payout is usually around £25,000
• Only one claim per child, and two claims total on a policy can be made
• Claiming for your child does not affect your main CIC cover
• CIC is not life insurance – no payment will be made upon death

How do I get CIC?

Call us at Quick Quote Protect today to get critical illness cover that provides both you, and your children, with a chance of a better life in the case of a sudden illness or life-injury.