Child Cover

One of the greatest fears of any parent is, one of their children becoming ill. We all know that the one thing that a child wants the most when they are sick is their mum and dad. What if your child became ill and you couldn't afford to take time off work to be with them or even worse couldn't afford the medical expenses associated with their recovery. Child cover assists you to be able to have time off work to be with your child or assist with the medical costs of getting them back on their feet. Child Cover can be added to a Parents policy for a very low additional cost.

Case Study

Michael and Lucy O'Donnell had two children, Isabella and James

When the kids were school-aged they visited their financial adviser for a review of their finances. Their adviser recommended they take out Child Cover Insurance on James and Isabella's lives.
Two years later, James began experiencing back pain and symptoms like pneumonia.
Lucy took him to their GP and he was referred to a specialist. The specialist confirmed the unthinkable had occurred, James was diagnosed with Lymphoblastic Lymphoma.

The prognosis was alarming. James was classified in the "high risk group" because of the aggressive growth of the tumour and the 90% chance of it relapsing.
James started chemotherapy straight away and had five consecutive days of chemotherapy for twelve weeks. On nine occasions, James was admitted to theatre for lumber punctures and bone marrow biopsies.

Lucy left work to be at James' bedside to support him through treatment.

Isabella and James' school raised money for toys and games to keep James busy during his treatment.

The insurance company provided the O'Donnells with a claim cheque for $50,000 within a week of the claim being notified. The O'Donnells used the money to fund James' treatment and to pay the ongoing bills that would have been outstanding, as Lucy was no longer working.

James is now back at school, but he still has a couple of years before the doctors can give him the all clear.