A parent’s worst nightmare?

Would it surprise you to know that insurance companies pay out more money due to sick children than they pay out to adult heart attack victims?

It surprised me so much I had to write this article to tell you.

Kids eh? The best thing and the worst thing that can happen to us.

All those wonderful moments, the smiles, the tears, their failures and successes affect us every bit as much as if it happened to us. Often more.

When they are ill, we wish we could take it from them and endure it ourselves rather than see them suffer. However much we want to though, we just can’t.

Serious conditions

We’ve all seen those documentaries on the television with sick children undergoing all manner of traumatic events, surgeries and life threatening ailments. It is enough to bring many of us to tears and they are not even our own children.

What are we to do as parents if it happened to one of ours?

Help is at hand

 Critical illness policies these days will pay up to £25,000 per child per parent which means that if your child suffered a serious condition, you could claim up to £50,000 to help with treatment or provide them with the means to make their life more comfortable. As a parent myself, nobody can put a price on my children’s health or happiness. However, having the ability to pay for the best treatment in the world puts my mind at ease somewhat.

What are the chances though?

I could roll off a load of statistics but let’s face it, no-one takes that much notice of them really, do they? Instead, I’d like you to think about all those children in the documentaries and the ones in the children’s wards when we do have to visit hospital. They are somebody’s children at the end of the day. We all sympathise but deep down we’re glad it’s not our child. It sounds selfish but it’s only human to think that way.

What if it was your child?

Read on….

 

What you can do

Most insurance companies will pay up to 50% of your own cover up to a maximum of £25,000 as mentioned earlier. If two parents have their own individual cover then each child can have up to £50,000 cover but it has been known in exceptional circumstances for insurance companies to pay over £100,000 for specialist treatment outside of theUK.

None of these payments affect the parent’s cover in any way. If you needed to claim after your children, you would get the full pay out.

Contact your adviser today to find out if your policy protects your children. If not, it might be time to review it.

If you don’t have a policy, give us a call on 01202 233660 to find out how little money peace of mind really.

This entry was posted on Friday, April 25th, 2014 at 2:13 pm and is filed under News.

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