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What Are The Consequences Of Not Having Children's Critical Illness Cover?


If you are a parent, you know that one of the most important things in life is protecting your children. As a result, many parents opt for children's critical illness cover as a way to ensure their children are financially protected in the event of a serious illness or injury. However, some parents may choose not to take out children's critical illness cover for various reasons. In this article, we will explore what happens if you don't have children's critical illness cover.

What is Children's Critical Illness Cover?

Children's critical illness cover is a type of insurance that provides a lump sum payment if your child is diagnosed with a serious illness or injury. This lump sum payment can be used to cover medical expenses, pay for time off work, or provide financial support for the family. Children's critical illness cover can be added as a rider to a parent's life insurance policy or taken out as a separate policy.

Why do Some Parents Opt-out of Children's Critical Illness Cover?

There are several reasons why some parents choose not to take out children's critical illness cover. One reason is the cost. Insurance premiums can be expensive, and some parents may feel that they cannot afford the additional cost of children's critical illness cover. Other parents may believe that the chances of their child becoming seriously ill or injured are low and therefore feel that the insurance is unnecessary.

What Happens if You Don't Have Children's Critical Illness Cover?

If you don't have children's critical illness cover and your child becomes seriously ill or injured, you will be responsible for all medical expenses and other costs associated with their care. Depending on the severity of the illness or injury, these costs can quickly add up and become overwhelming.

In addition to the financial burden, you may also have to take time off work to care for your child, which can result in lost wages and additional expenses. This can create a significant strain on your family's finances and could even lead to debt or bankruptcy.

Furthermore, without children's critical illness cover, you may not have access to the best medical care for your child. You may be limited to public healthcare services, which may not have the resources or expertise to provide the level of care your child needs. Private medical care can be expensive, and without insurance, it may not be an option for your family.

Another significant consequence of not having children's critical illness cover is the emotional toll it can take on your family. Dealing with a seriously ill or injured child can be stressful, and worrying about the financial impact can make the situation even more difficult. It can also create tension between family members as they struggle to cope with the situation.

What Illnesses or Injuries are Covered by Children's Critical Illness Cover?

The illnesses and injuries covered by children's critical illness cover can vary depending on the policy. However, most policies cover a range of conditions, including:

  • Cancer

  • Heart disease

  • Stroke

  • Major organ transplants

  • Cystic fibrosis

  • Spinal cord injuries

  • Traumatic brain injuries

  • Loss of limbs

  • Blindness or deafness

  • Severe burns

These conditions can have a significant impact on a child's life and can require extensive medical treatment and care. Children's critical illness cover can help ensure that your child receives the best possible care and that your family is financially protected.

If you would like to read more regarding children's critical illness cover click here.

If you would like to book a member of our team to call you at a time that best suits you, click here.

Your Choice Cover

12 Celtic Trade Park, Bruce Road Fforestfach, Swansea, SA5 4EP

Phone: 0333 188 7617

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