What is Children's Cover?
Children's Cover...
can protect your children if they were to get a critical illness. If your child was to be diagnosed with a critical illness, they are covered under you or your partner’s critical illness insurance. A lump sum can be paid out of up to 50% of the parents’ value. This money could help towards unexpected costs such as time off work, child care or even to help with alterations to the home that may need to be made.
Critical Illness...
cover, or critical illness insurance, is a form of protection which pays out a tax-free lump sum if you are diagnosed with a specified illness or medical condition, during the term and listed on your policy.
Not all conditions are covered on your policy and it will also state how serious any particular condition must be to get a payout.
Bump Cover
Yes, you can cover your unborn baby and yourself during pregnancy and beyond. Even your partner can apply for bump cover for your child!
Bump cover is available from 24 weeks gestation and then converts to children's cover once they are born.
Children's Critical Illnesses Covered
Protect your child for these illnesses and more
Children’s cover can protect your kid(s) if they were to get a critical illness. If your child was to be diagnosed with a critical illness, they are covered under you and your partner’s critical illness insurance. A lump sum will be paid out of up to 50% of the parents’ value (e.g. parents cover = £50,000 – children each get £25,000 cover), to help with unexpected costs such as time off work, child care or even to help with alterations to the home that may need to be made.
Critical illnesses like cancer, organ failure or permanent disabilities can be covered under a children’s critical illness policy when a parent takes out a critical illness cover. Over 40 conditions are covered by providers. A full list of potential illnesses and disabilities are listed below. These will vary depending on the insurance company you go for.
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Aorta graft surgery
Aplastic anaemia
Bacterial meningitis
Benign brain tumour
Blindness
Cancer
Cardiac Arrest
Cardiomyopathy
Coma (with associated permanent symptoms)
Coronary artery by-pass grafts
Creutzfeldt-Jakob disease (CJD)DeafnessDementia including
Alzheimer’s disease
Encephalitis
Heart attack
Heart valve replacement or repair with surgery
HIV infection
Kidney failure
Liver failure
Loss of hand or foot
Loss of speech
Major organ transplant
Motor neurone disease
Multiple sclerosis
Multiple system atrophy
Open heart surgery
Paralysis of limb
Parkinson's disease
Primary pulmonary hypertension
Progressive supranuclear palsy
Removal of an eyeball
Respiratory failure
Spinal stroke
Stroke
Systemic lupus erythematosus
Third degree burns
Traumatic brain injury
With some policies, children can be covered from birth until they are 21 years old (23 in some cases). If the illness gets worse and becomes terminal, many providers also include Terminal Illness for children and would pay out upon death, in the region of £5000. They may also provide a funeral benefit if the worst was to happen.
Quick summary:
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Covered for over 40 medical conditions
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Pay out lump sum can be up to 50% of parents’ value
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Cover until they are 21 (or 23) years old
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What are the benefits of children’s cover?
One of the main benefits is that if anything were to happen to your child, you have the reassurance that they are covered. If your child was to suddenly pass away, a small lump sum would be paid out to help pay with funeral costs and any other unexpected costs.
If your child had to stay at the hospital for more than 7 consecutive days, some providers will pay out every night after this period to help with accommodation for up to 30 days.
Why have I not been offered
Children's Cover before?
Children's Cover...
isn't normally offered with life insurance or critical illness cover unless you speak to an insurance broker who is specialised in family insurances.
You may be discussing, or have taken out previously, mortgage cover with a mortgage adviser. Unfortunately, mortgage brokers tend not to have access to the 'whole-of-market', which is all the top UK insurance providers. Also, they are not usually up-to-date with insurance protection and can be more focused on just offering protection for your new home.
CoverMyBubble make sure we offer everyone a unique package of protection, including life, critical illness, income protection, children's cover and bump cover.
Why are we raising awareness?
From one family to many others...
Firstly, we are passionate about families and making sure you have the most suitable and affordable insurance protection for your individual circumstances.
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Secondly, we know personally what it is like to not have financial help when your baby is very ill or passes away.
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Lastly, we want to be the go-to insurance broker for families and especially for Bump Cover and Children's Cover.
Who are we and why? Lillie's Story
Cover My Bubble & Lillie-Beth
We call our family ‘our bubble’. When talking to family or friends, we say we’ve had bubble-time or a day out with the bubble. When thinking of protecting our family, covering our bubble was a phrase that came up. (this was well before the terms ‘support bubble and ‘social bubble’ became common terms).
Therefore, when I was setting up the business, Chris came up with the name Cover My Bubble, as he said “you will be covering other people's bubbles”. It was perfect!
We lost our daughter, Lillie, in 2006 and even though we already had a child, plus we’d been married for over a year, we were unaware what life insurance really meant and that there were other personal protection products that would have helped us financially. If you don’t know our personal story, watch our video.
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It wasn’t until 2010, when I got a job at a local insurance broker, that the range of options were fully explained to me. I finally realised that if me or Chris had had some Life Insurance or Critical Illness Cover when Lillie passed away (or during her short stay with us), we could have made a claim to ease the pressure of being unable to work and subsequently paying everyday bills.
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I wasn’t happy with the way many of the insurance brokers I came into contact with were ‘selling’ insurance. No one was taking the needs of the client into account. There was no care for the person or the family circumstances. Surely, if a family could only afford £20 a month (for example), they could get some security for if or when something bad was to happen!