Every parent knows that raising children is likely to include its fair share of accidents, illness and one or two broken bones. Taking out protection for them won’t stop them getting into the odd scrape, but it will give your clients the confidence that, whatever happens, financial support may be just a call away.
With our optional Child Cover, it’s easy to extend the benefits of MetLife MultiProtect to children. Starting from as little as £1 a month, it covers children from age six months to 18 years, or up to 23 in full-time education, giving protection for a wide range of accidents and illnesses including broken bones, hospitalisation and cancer – excluding less advanced cases.
If a child breaks a bone or is unwell, receiving a benefit payment could be helpful at a time when it is needed most. Additional expenses can mount up quickly, including hospital parking charges, babysitters and even income if someone needs to take time off work to look after their child.
Our claims statistics show that plenty of parents have benefitted from this cover. In the past 12 months we paid 3,995 claims for children – that’s an average of 15 a day1. It’s probably not a huge surprise that 41% of the claims we pay for broken bones are for kids, but children also accounted for 20% of our hospitalisation claims1. Among those that benefitted from MultiProtect were Mr & Mrs G, when their child slipped and fell from a sofa, breaking two bones in the wrist. As they held five units of cover, they were entitled to a payment of £2,000 (£1,200 on the father’s 3 unit policy and £800 on the mother’s 2 unit policy) which helped them focus on their child’s recovery (policy purchased prior to February 2018).
Further details of this claim, and how other parents have benefitted from adding Child Cover to their policy, can be found in our interactive claims case study booklet.
About MultiProtect
MultiProtect provides financial support 24/7 worldwide, covering injuries from minor broken bones to injuries that have a significant impact on life. From £8 per month, policyholders are covered if they spend time in a UK hospital from day one (for accidents) and after 12 months (for sickness). MultiProtect also offers optional and affordable extra protection. Child Cover enables customers to protect their children. Active Lifestyle cover allows people to protect their active lifestyle and Healthcare Cover covers customers for life changing infectious illnesses. All optional cover starts from just £1 per month. Policyholders also have 24/7 access to a Wellbeing Support Centre, providing emotional and practical support.
Next steps
To find out more about how to include MultiProtect in your protection portfolio, speak to the protection sales team.
Source:
- MetLife protection portfolio 2020
