Child Critical Illness Products

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At Broker Plus Insurance, we’ve noticed a trend lately with our clients when we speak to them about Term insurance. Many clients know the benefits of Term insurance over traditional lender insurance, but what they don’t know is that we offer 6 optional riders with our Term insurance. Two of the riders offer specifically pertain to children, which catches a lot of clients off guard when we mention this to them. What many of our clients don’t realize is that insuring their children when they take a term policy is by far one of the smartest things they can do. Should something happen to their child, they will have a policy in place that will help alleviate some of the financial hardships they may face while dealing with the loss of a child or a critically ill child.
 
If you’re considering term insurance, why not considering insuring your child(ren) as well?
Broker Plus Insurance is proud to offer 2 Child Riders (Critical Illness and Protection Benefit), which ensures your child until the age of 21, or 25 if the child is a full-time student. When the insured parent’s base policy is converted, within the time frames stated in the Rider Conversion Option, then a similar rider may be included, at the owner’s request (subject to the rules in effect at the time of application for the converted insurance).
 
The Child Critical Illness Rider:

• Provides $10,000 or $20,000 of critical illness coverage for all children (excluding foster children) for the insured parent, upon diagnosis of one of 15 defined critical illness conditions.
• Examples of these 15 defined conditions include autism, kidney failure, life-threatening cancer, cerebral palsy, deafness and muscular dystrophy.
• The total yearly premium for this rider is $60 dollars per year ($10,000 coverage) or $120 per year ($20,000 coverage) which equates to either $5 per month ($10,000) or $10 dollars per month ($20,000).
• For this insurance, there is no underwriting required but there is a 24-month pre-existing exclusion and this coverage is not convertible.

 
The Child Protection Benefit:

• Provides $10,000 or $20,000 of coverage for all children (excluding foster children) to an insured parent.
• The total yearly premium for this rider is $60 dollars per year ($10,000 coverage) or $120 per year ($20,000 coverage) which equates to either $5 per month ($10,000) or $10 dollars per month ($20,000).
• For this insurance, there is no underwriting required but there is a 24-month pre-existing exclusion that applies.
• This rider provides a conversion option up to 5 times the rider amount after 2 years in force.
• When the insured parent’s base policy is converted, within the timeframe stated in the Rider Conversion Option, then a similar rider may be included, at the owner’s request. *

*Subject to the rules in effect at the time of application for the converted insurance.
**Stand alone child critical illness also available.

To request a quote on the products we offer, click here.
Or call: 1-877-242-8820 and press 3 to speak with an insurance coordinator.