Protecting your client’s most precious assets

If your client holds a Crisis Recovery or Double Crisis Recovery benefit policy, and they have at least one child aged between 2 and 17, if that child suffers from one of the specified crisis events, AIA will pay a maximum lump sum of $20,000 per child (up to the value of the Crisis Recovery or Double Crisis Recovery sum insured) as part of their Crisis Recovery or Double Crisis Recovery benefit.

Despite every parent’s best efforts their children are still vulnerable to illness or injury – in fact in Australia about 68,000 children are hospitalised each year due to injuries resulting from accidents[1], and about 750 children aged up to 14 years are diagnosed with some form of cancer each year, making Australia the country with the fifth highest incidence rate of childhood cancer among the G20 countries[2].

These are indeed sobering statistics, but it’s not just the health of their child, and what resources are needed to get them better that a parent needs to ask themselves, but also:

• What impact would this have on their ability to work, and continue to earn an income if they needed to look after a sick or injured child?
• How would they pay not just their child’s medical bills, but continue to pay all their everyday bills as well?
• What would happen if they needed to travel to get their child treated? How would they pay for accommodation and flights etc. if they could not get their child treated near where they lived?
• If they had other children, who would look after them?