Did you know Critical Illness Protection is important for the whole family? Not just the main earner? For example, we consider one heartbreaking example of why you should have a Critical Illness Policy in place for everyone in the family…
Losing a child is a devastating tragedy with unimaginable grief. Amidst this traumatic event, parents strive to provide their child with a deserving funeral without the added worry of financial constraints.
Did you know some providers of critical illness insurance offer funeral cover for children as part of their policies? It’s a horrible thing to consider, but we can make sure you have this cover in place, so hopefully, you never have to think about it again.
It is worth noting that clients in England, Wales or Scotland will not be charged fees for a standard burial or cremation for children under the age of 18, including stillborn babies. However, you will need to outlay these costs and then reclaim them. Either directly or through the funeral director. There is also a time limit to claim – up to six months after the funeral.
The government does not cover funeral director fees, flowers and a memorial. But those on low incomes may be able to get extra support from the government’s Funeral Expenses Payment. If you aren’t eligible for this, you will need to pay for the extras yourself.
All insurers offering children’s critical illness cover (either automatically or as an optional extra) include some form of child funeral/death benefit. This is aimed at helping contribute towards the cost of a funeral. The monetary amount that will be paid is either a £5,000 or £10,000 lump sum, depending on the insurer.
Let us organise your critical illness, income protection, and life insurance in one easy-to-manage payment. To take away some of the stresses of life and allow you to grieve without worrying about finances.
SPEAK TO AN ADVISER