Did you know that iA Financial Group has several products specially designed to protect the lifestyle of the youngest members of a family?
Parents understand the importance of guaranteeing their family’s financial security, but they don't always think about the benefits of insuring their children as well. Here are three products that you can promote when meeting with parents!
1. Transition critical illness insurance for children
Transition insurance is an excellent product for adults, but it’s also available for children! It provides parents with financial assistance so that they can fully dedicate themselves to their child’s recovery.
They can choose between the 4-illness protection and the 25-illness protection (including five juvenile illnesses such as type-1 diabetes and cystic fibrosis).
2. The best of both worlds: Child Life & Health Duo
Available for children, the Child Life & Health Duo offers both whole life insurance and critical illness insurance. If your child contracts one of the 30 covered critical illnesses, a benefit equal to half of the life insurance coverage will be paid to the family. In addition:
- The child maintains his or her life insurance coverage after a payment for critical illness
- The child’s critical illness coverage can be converted once he or she is an adult, regardless of his or her health
3. Access Life
Did you know that Access Life is the only simplified issue life insurance product on the market that covers children under 18 who have a health condition, up to $100,000? Acceptance is guaranteed and no medical exam is required.
Finally, when meeting with parents, take the opportunity to discuss RESPs. In addition to protecting their children’s lifestyle, they will also be able to save for their future!
