Health Priorities – Child
- pays a tax-free lump-sum benefit to your client, if the insured child is diagnosed with any of the 29 critical illnesses and conditions covered, including 3 childhood diseases. It also offers return of premium options and no survival period for cancer.
- Health Priorities – Child, Term 20 is critical illness insurance that is renewed every 20 years until the child reaches 75 years old. It pays a tax-free lump-sum benefit following the diagnosis of one of the 26 covered critical illnesses or conditions, but does not cover the 6 children illnesses offered as additional coverage. It also offers optional return of premium on death and no survival period for cancer
Issue age (age at the nearest birthday)
From 0 to 17 years old:
- The application can be completed as early as 24 hours after the birth of the child
- The contract can be issued as of the age of 15 days of the child
- The declaration of good health will be required for any application submitted before the child is 15 days old
Amount of insurance
From 0 to 17 years old:
- Minimum: $10,000
- Maximum: $1,000,000 (All children from the same family must be covered for the same amount. For higher amounts, refer to the risk selection criteria.)
Critical illnesses and conditions
- 26 critical illnesses and conditions.
- Advance paid for more than 15 treatments of some less severe conditions.
- Long-Term Care: an amount is paid regardless of whether the loss of independence is temporary or permanent.
Accident :Total & Permanent Disability – $350,000
This benefit provides compensation for an injury sustained as a result of a physical accident, which causes total and permanent disability.
Plan Description
The Student Accident Plan is an inexpensive and comprehensive way to protect families from financial hardships they may face as a result of an accident. Each year, thousands of families are left unprotected when their child is injured at school or while participating in non-school activities. With over 20 benefits, the Student Accident Plan provides financial protection for expenses not normally covered under government health or group insurance plans.
Peace of mind is affordable with a Student Accident Plan.
Here are just some of the many benefits Travelance provides for less than a dollar a week:
Dental Accident Coverage – Unlimited expenses paid for in the first 10 years of injury for individuals 18 years of age or younger (1 year for ages 19 – 25)
This benefit can provide coverage for a variety of dental injuries. For example, if your child were to crack a tooth, this benefit could cover the reasonable and necessary expenses for its repair and treatment by a licensed Dentist. Coverage is available for up to 10 years following a dental injury due to an accident (1 year for individuals 19 – 25 years of age). If further treatment is needed after this timeframe, coverage is available up to a limit of $1,500 per tooth.
Tutoring Benefit – Up to $6,000
If as a result of an accident, your child is confined to his or her residence for over 30 days, this benefit can cover expenses for tutorial services provided by a qualified teacher. This benefit can also pay for the rental of necessary equipment and required program software.
Prosthetic Appliances – Up to $5,500
This benefit can cover the necessary costs for artificial limbs, eyes and/or hearing aids (up to a maximum of $5,500) for each injury that results in a loss requiring such an appliance.
Out-of-Province/Country Emergency Medical – Up to $100,000
If your child sustains an injury while travelling outside of their province or territory of residence, this benefit provides coverage for required emergency treatment, including the services of a physician, hospital, x-ray clinic, ground ambulance, necessary and reasonable alternative ambulance service up to $1,000, and/or a registered nurse (other than a family member). This benefit may also cover the costs for crutches, braces, splints, trusses or other prosthetic appliances, emergency medicine, blood, and/or plasma, and the rental costs for a wheelchair and/or hospital-type bed. Coverage is for any number of trips up to 30 days in duration.
This is a brief description of coverage. Please see policy wording for conditions, definitions, exclusions, limitations, terms, and conditions.
Why do I need insurance for my child?
Did you know that the expenses from most physical accidents exceed the benefits provided by the government or group insurance plans?
The most minor accidents can result in major financial responsibilities and some expenses may not even be insured under your government or group insurance policies. The result – the parent/guardian become financially responsible.
To help identify the advantages of a Student Accident Plan, take a moment to review the following scenarios covered by the Student Accident Plan. These stories are real incidents where a Student Accident Plan made a large impact on each family. They could have had severe financial strain; instead, these families were protected by Travelance’s Student Accident Plan (SAP).