ICAO: CA Select - Child Life & Accident Insurance

If something happens to your child, expenses should be the last thing on your mind. After all, you want to be able to focus on care and support. When a serious accident strikes your child, CA Select™ Child Life & Accident Insurance ensures that financial considerations don’t add to your family’s burden.

Child Life & Accident Insurance is available to Members covered under the Term Life Plan. It combines major impairment accident insurance with life insurance – covering all of your eligible dependent children for one, low premium.

Plan Basics

Child Life & Accident Insurance provides coverage for all your eligible dependent children as follows:

Select Major Impairment accident coverage of up to $250,000 (combined with up to $50,000 of Life Insurance). Coverage is available in increments of $50,000 of Major Impairment Benefit plus $10,000 of Life Insurance.
Eligible children are covered automatically from birth up to Age 21 (or up to Age 25 if attending school or university full time).

Plan Features

This coverage includes the following special features at no additional cost:

One Monthly Premium Covers All Children

A single monthly premium covers all of your eligible children for the full coverage amount.

New Dependents Automatically Covered

Once this coverage is in force, additional children are insured automatically from birth, and at no additional cost.

Coverage Available With No Medical Questions to Answer

Acceptance is guaranteed when you apply for the first $50,000 of Major Impairment benefit combined with $10,000 of Life Insurance benefit, regardless of the health of any of your eligible children.

Receiving Benefits

This coverage includes both a Life Insurance benefit and a Major Impairment benefit. The Life Insurance benefit is payable in the event of death from any cause. The Major Impairment benefit is payable in the event of an accident resulting in severe brain damage, paralysis or loss of use of limbs, as summarized in the table of Major Impairment Benefits Payable.

Plan Rates

See the rates that apply to you.

Eligibility

To apply for Child Life & Accident Insurance for your eligible child(ren), you must be covered by or applying for Member or Spouse Term Life Insurance. More

Eligible children must be:

Unmarried;
Dependent on the Member for support; and
Under Age 21 (or under Age 25 if in full-time attendance at school or university)

Limitations and Exclusions

To qualify for payment under the Plan, a Major Impairment must occur within three months after the accident and the child must survive the accident for at least 30 days. Any loss of use must be permanent, total and irreversible to be covered.

For the first 14 days of life, the benefit payable under this Plan is limited to $5,000 of Life Insurance, regardless of the amount of insurance in force.


	The CA Select Insurance Plans sponsored by the Institute of Chartered Accountants of Ontario (The Institute) are underwritten by The Manufacturers Life Insurance Company (Manulife Financial).