If you’ve got kids, then one of the biggest things to concern you is their health. Sniffles and colds are par for the course, as are bruises, bumps and scrapes. But sometimes, life takes a much more serious turn… and I don’t just mean a broken arm!
Serious childhood illnesses can include cancers and tumours, organ failure, severe burns, traumatic head injury and blood borne illness. Most of us know someone who’s had to nurse their little ones through leukemia or heart surgeries from quite young.
Many I speak with however, are unaware that Child Trauma cover even exists. When I first heard about the cover, I made sure my children were signed up as soon as eligible. They have to be aged 2 to qualify.
In the event of a claim, the funds can be used to cover medical costs that may otherwise leave you well out of pocket.
A major factor in a child’s ability to pull through a major illness or injury can be the ability to spend time with parents, both preferably, through their convalescence. So the lump sum received isn’t just about costs, it may also allow time off work as unpaid leave to allow you to just ‘be there’ for your little poeople.
But if you’re thinking the cost is prohibitive, think again. Cover is approx. $1 for $10,000 cover, per month. So, $100k is around $10 per month or $120 per annum and can be added to your existing personal insurances like your own Trauma cover (and only outside of superannuation.) And, when the kids turn 18 or 21, cover can be converted to Adult Trauma cover with no underwriting.
If you’d like to investigate this cover further, don’t hesitate to give me a call or chat with your financial adviser.