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Why is Critical Illness Insurance for Children Essential?

Life is often unpredictable and unfortunately, one might never know when a child will be born or diagnosed with a critical illness. Having a child with a critical illness can certainly put a financial burden on a family, but there are options like critical illness child insurance designed to lessen that burden.

The team at Desjardins Financial Security Independent Network has helped many families with children who have been diagnosed with a critical illness. Below, they’ve collected some facts about why investing in child critical illness insurance is so essential for any family.

Why Invest in Child Critical Illness Insurance?

Imagine if your family was living life as planned when the unthinkable happened: your child was diagnosed with a critical illness. Your life would likely drastically change overnight. Whether you were a single parent or with a partner, it would probably be necessary to request a leave of absence from work and search for someone who could offer care to your child full-time until they recovered. This creates an exceptional financial burden upon a family, one that without the proper insurance you might not be able to overcome.

How Does Critical Illness Child Insurance Work?

Critical illness insurance for your child works much in the same way as traditional critical illness insurance. Once your child is diagnosed with one of the critical illnesses covered by Desjardins Financial Security Independent Network, you’ll receive a one-time, lump-sum payment to do with as you see fit. This can provide you with valuable income to purchase medication not covered under your insurance plan, pay for doctor visits, and other unexpected expenses that come with a critical illness in the family.

Some of the Most Common Child Critical Illnesses Covered Include:

• Accident & Functional Loss (Brain Injury, Deafness, Coma, Blindness, etc.)
• Vital Organ Failure
• Neurological Illnesses
• Cystic Fibrosis
• Cardiovascular Illnesses
• Autism Spectrum Disorder

Also Read: Reasons Your Critical Illness Claim Might Be Denied

Contact us to learn more about critical illness child insurance!

If you want to ensure your family and child are protected for every eventuality, contact the team from Desjardins Financial Security Independent Network today to learn more about our services. Get a FREE quote online or call (416) 695-1433.