Children's critical illness cover

Why you should consider children's critical illness cover

Advisers should give greater consideration to children's cover when advising on adult plans, Alan Lakey has claimed.
The director of Berkhamstead-based Highclere Financial Services and founder of CI Expert, said too often, children’s cancer cover has "been a footnote and not considered a major component of a critical illness plan.

"Certainly few advisers gave it much consideration when it came to plan selection."

According to Mr Lakey, children’s cover has been around for more than 20 years, with Aviva including it from March 1994.

He said: "Back then many insurers paid lower maximum sums – Aviva started at £10,000, increasing it to £20,000 in October 2009 and then to £25,000 in July 2012.

Earlier this month, Aviva raised its cover to £50,000.

*Excerpt taken from the FT Advisor Website

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