Risk Clinic: Children's CI cover

Ed Stuart-Brown, Friends Provident This raises some very interesting issues and you may be surprised to learn that claims on children’s critical illness (CI) account for the fifth largest cause of claims. Assuming the child is a minor the parents cannot buy a policy to cover the child, nor can they increase the sum assured for the child on this policy. As the child does not contribute financially there is no financial loss that would result if the child were to fall ill. Children’s CI cover pays out up to £25,000 per policy so if the parents want a higher amount they could consider taki...