Free insurance cover for the kids

When a child falls critically ill, it’s common for parents to take time off work to support their child and often they experience financial hardship due to unplanned medical expenses.

With free automatic cover for kids¹, it’s comforting to know that there is protection and financial peace of mind for the whole family if a dependant child is diagnosed with a critical illness or passes away.

Here are some facts:

• Heart disease in children is the leading cause of death, accounting for more than 30% of childhood deaths²

• The most common reason for admission of Australian children to intensive care units is due to heart disease with more than 1,300 being admitted each year²

• Each year 200 Australian children up to age 14 are diagnosed with leukaemia, the most common cancer in young children, with treatment taking around two years³

• Brain cancer is the second most common cancer in children each year⁴

Case study

Jane and Matt have been happily married for six years. They have two beautiful children, Dillon aged five and Mia aged three. Everything was going along smoothly for the family when Mia was diagnosed with leukaemia that required immediate hospital treatment.

The doctors reported that the disease was treatable but the treatment could take well over a year and Mia would require round-the-clock care. Faced with such an uncompromising situation, Jane made a decision to take the year off work to look after Mia. This decision would place considerable financial strain on the family, but that didn’t matter. Helping Mia fight the leukaemia was their absolute priority.

Thankfully their financial adviser had recommended adequate levels of Critical Illness and Income Protection cover for both Jane and Matt. In fact their policies provided free cover for children between the ages of 3 and 18 next birthday. The insurance payouts helped ease the financial strain on the family over the course of the treatment, leaving the family to provide all the love and support to Mia as she recovered. 

Did you know?

When you take out Income Protection or Critical Illness cover, you will automatically receive free protection for your children⁵. No questions asked and at no additional cost.

The above information has been sourced from Norwich Union Life Australia Limited.  

Important Information

The above information provides an overview or summary only and it shouldn’t be considered a comprehensive statement on any matter or relied upon as such. The above information doesn’t take into account your personal objectives, financial situation or needs. It’s important for you to consider these matters before making any financial decision and I recommend you seek help from a financial adviser.