Expect the unexpected: Critical Illness Protection for the whole family

Critical Illness Protection: Why It’s Vital for the Whole Family, Not Just the Main Earner

Did you know that Critical Illness Protection is crucial for the entire family, not just the main income earner? It’s easy to overlook, but having comprehensive coverage in place for everyone in the family could make all the difference when the unexpected happens. Let’s take a heartbreaking example of why Critical Illness Insurance for the whole family is so important…

Losing a Child: The Unimaginable Grief and Financial Strain

The loss of a child is a devastating tragedy, and the emotional toll is indescribable. In the midst of this overwhelming grief, parents often find themselves worrying about the cost of giving their child the funeral they deserve. While no one ever wants to think about this scenario, it’s vital to have funeral cover for children as part of your critical illness policy, so you don’t have to face any additional financial stress during such a painful time.

Did you know that some critical illness insurance providers offer funeral cover for children as part of their policies? This could mean a lump sum benefit that helps cover funeral expenses, giving you peace of mind knowing that, should the unimaginable occur, you won’t have to worry about finances during your time of loss.

Funeral Expenses for Children: What You Need to Know

In England, Wales, and Scotland, parents won’t be charged for the standard burial or cremation of children under 18, including stillborn babies. However, you will need to cover these costs upfront and then reclaim them from the government within six months of the funeral.

It’s important to note that the government doesn’t cover funeral director fees, flowers, or memorials. For families on low incomes, extra support may be available through the Funeral Expenses Payment, but if you’re not eligible, you’ll need to cover these additional costs yourself.

Fortunately, most insurers offering children’s critical illness cover (either automatically or as an optional add-on) provide a funeral/death benefit to help cover some of these expenses. Typically, this benefit amounts to a lump sum of £5,000 or £10,000, depending on the insurer.

Let us Take the Stress Away: Combine Critical Illness, Income Protection, and Life Insurance in One Simple Plan

By bundling critical illness cover, income protection, and life insurance into one easy-to-manage plan, you can reduce the financial stress in difficult times. This way, if the unexpected happens, you can focus on grieving and healing, knowing your family’s financial future is secure.