Children’s Life Insurance


 
 
Children’s Life Insurance
 
 

We regularly get asked here ‘can we buy life insurance for their children?’
 
 

The simple answer to the question above is that you can’t take out a Life Insurance policy on a child separately. However the good news is that, when you take out cover your children are insured as an extra benefit to your policy.
 
 

Every parent plans to outlive their children. If the unthinkable happened to your child, you would have one less thing to worry about during such a difficult time with a life insurance policy for him. That policy would cover the expenses of a funeral, which could run into the thousands if you had to pay for these costs on your own.
 
 
Life insurance for children can bring you the peace of mind you need. A life insurance policy valued at €7,000 would more than cover funeral costs should tragedy strike.
 
 

If this is important to you, please contact us so we can advise you on the most appropriate plan to suit your needs.
 
 
This free cover includes all of your children up to the age with some insurers
The amount of free cover varies also. Each insurer offers different amount of FREE cover for each children.
 
 


Zurich Life €7,000
Aviva €2,500
Friends First €5,000
Irish Life €7,000
New Ireland €4,000
Royal London €5,000

 
 

Serious Illness Cover for Children.
 
 
With two young children myself, writing this article is sending shivers down my spine evening, however the reality is that EACH YEAR IN Ireland over 200 children under the age of 19 are diagnosed with cancer. Thankfully, according to the National Cancer Registry, Ireland’s child cancer death rates are among the lowest in Europe.
 
 

When it comes to Serious Illness Cover for children, the good news is that they are covered for FREE under their parents policy. This is provided that the parents have Series Illness cover on their plan.
 
 

Like Life Insurance each insurer has different amounts of free Series Illness cover. The table below illustrates this.
 
 

Friends First: The lower of €20,000 or 50% of the parent’s illness cover amount. Max age of child is 21
 
 

Royal London: The lower of €25,000 or 50% of the parent’s illness cover amount. Max age of child is 21
 
 

Aviva: The lower of €25,000 or 50% of the parent’s illness cover amount. Max age of child is 21
 
 

Zurich: The lower of €25,000 or 50% of the parent’s illness cover amount. Max age of child is 21
 
 

New Ireland: The lower of €25,000 or 50% of the parent’s illness cover amount. Max age of child is 21
 
 

Irish Life: The lower of €25,000 or 50% of the parents illness cover amount. Max age of child is 25.
 
 
 
Additional Benefits for Children on Life and Serious Illness Polices.
 
 

The great news is that children also are covered with some great extra benefits such as Hospital Cash Cover, 2nd Medical Opinion Service, Guaranteed Insurability and more.
 
 
Remember, when taking out Life Insurance or Series Illness for yourself, you are really taking out a Family Insurance Plan.
 
 

It is vital that you are getting the plan to suit you and your family’s needs.
 
 

Please don’t hesitate to contact us, if you have any questions regarding Children’s Life and Series Illness Cover.
 
 

https://onelifeinsure.ie/contact-us/