Have you thought about giving your kids financial security in case they get hurt badly in an accident of some kind? No one likes to think about the possibility that an accident could put their child in a wheelchair for life. Even if you don't think about the chance, it still might happen.
Parents are realising more and more that their kids need insurance in case something bad happens. They want to know what will happen if...
Have you thought about giving your kids financial security in case they get hurt badly in an accident of some kind? No one likes to think about the possibility that an accident could put their child in a wheelchair for life. Even if you don't think about the chance, it still might happen.
Parents are realising more and more that their kids need insurance in case something bad happens. They want to know that if something bad happens to their child, at least they won't have to worry about money. If necessary, they want to know that their child's needs will be met for the next 70 years.
Most health insurance plans for families include health insurance for children, which is a good thing. Is that all?
Children's health insurance may cover illnesses and broken bones, but it usually doesn't cover everything that can happen to a child.
Your health insurance policy for your family may not cover:
Mishaps happen on school trips. The school may have insurance, but is it enough to take care of your child for the rest of his or her life if he or she gets a bad head injury while skiing?
Accidents involving drivers who don't have insurance. Every year, many children are hurt when drivers without insurance hit them. Almost all of the time, the worst drivers do not have insurance.
A general family health insurance policy does not always cover mental health in a good way.
Death. If the person with health insurance dies, the policy rarely pays out. Money will be needed for funeral costs and counselling for the siblings and parents.
Parents are asking insurance companies more and more about insurance for their kids to cover these and other things. Ask a broker about the different types of insurance policies and how much they cost. Because the risk is low, the cost is also low. Even so, getting insurance against that small risk could make a huge difference for your child.
