Parents are risking the financial security of their families should they become seriously ill by not buying critical illness (CI) protection.
Of the small percentage of those who have purchased insurance, a significant number did not know if it included cover for their children. According to a study by Ageas, only one in twenty (6%) parents has a CI policy in place and one third (31%) of those did not know its coverage of children's diseases. It estimated that almost 300,000 parents needed to check their policy to see if it extends to covering their children. And of the one million parents who have a CI policy in place, 35% of those are just themselves covered by their CI policy. Surprisingly, only one third of parent...
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