A Parent’s Worse Nightmare…Critical Child Illnesses!
Ask any parent what they consider as one of their worst nightmares and chances are, most would reply about their child falling ill or being diagnosed with a critical illness. As a parent, we don’t think that the worst could happen to our little ones. Often illnesses are coupled with costly medical bills and having a financial burden unexpectedly placed on you in the instance of a terminal illness that has befallen your child, can make matters even worse. The best consolation for a parent when tough times do arise is to have the ability to spend as much time caring for your child if they become terminally ill.
“Sadly, not every child is able to recover from a serious illness. Sometimes a child may continue to get sick despite every attempt by the medical community to help them recover. Other times, a successful cure might not be available when an illness is too widespread or severe,” says Henk Meintjes, Head of Risk Product Management at Liberty.
Income protection policies should be seen as insurance to safeguard a family’s finances when the unexpected happens. Child Illness Protector under income protection provides you with a monthly payment over a defined period spending time with your child when they need it the most. Being able to earn an income whilst looking after your child, will assist your family to cope financially with an unexpected terminal illness.
“Income Protection with a child illness protector benefit should be considered by families these days especially since more and more children are becoming ill,” adds Meintjes. According to the World Health Organisation (WHO), one of the factors impacting on children becoming ill more frequently is climate change. “The reason behind why climatic conditions have such a strong impact is that it affects water-borne diseases and diseases transmitted through insects – elements that young children, especially in developing worlds, are exposed to.”
Furthermore, the quality of food is questionable and it is believed that children are not receiving the essential nutrients they need that are supposed to be found in the foods we eat.
Children are ever more being exposed to the effects caused by climate change, coupled with a diet lacking in nutrients, resulting and contributing to the overwhelming illnesses, such as breast cancer that is now even being found in young girls these days.
“Whilst an insurance policy cannot provide the emotional comfort and support that a family needs when dealing with a terminally ill child, it can lighten the burden of the financial strains that such events place on a family,” concludes Meintjes.
Speak to your financial adviser to find out more about Income Protector Options.