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Child Life & Accident Insurance
Big protection for your little ones
If anything were to happen to your children, expenses should be the last thing on your mind.
In case of the unexpected, financial assistance from Child Life & Accident insurance can help reduce your family’s burden.
This plan is available for you to cover your children if you or your spouse are applying for, or already have, Alumni Term Life coverage.
One low monthly premium. A single low premium, starting at just $1.50, covers all your eligible dependent children, regardless of how many you have.
Two coverages in one. Child Life & Accident combines Major Impairment accident coverage with Life insurance coverage. Coverage starts at $25,000 for Major Impairment plus $5,000 for Life insurance.
What’s covered? The Life 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 the covered losses, as summarized below:
| Major Impairment covered losses | Amount payable*
per $5,000 Life coverage |
| Brain damage | $25,000 |
| Total & permanent paralysis | $25,000 |
| Loss of use of two limbs | $25,000 |
| Total & permanent loss of sight, speech or hearing | $25,000 |
| Life insurance benefit |
| Death from any cause | $5,000 |
* If an accident results in more than one covered loss, the total benefit amount payable is subject to a maximum of $25,000 per $5,000 of Life coverage purchased.
IMPORTANT DETAILS
Don’t forget to read the fine print:
| Eligibility |
Children of Members insured for Term Life are eligible for Child Life & Accident coverage if they are over 14 days and under 21 years of age, unmarried, dependent on the Member for support; or under 25 years of age and in full-time attendance at an accredited educational institution. If you have Child Life & Accident coverage, we will automatically insure newborn children when they reach 15 days of age.
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| Limitations and exclusions |
Suicide within two years of the effective date of the insured’s coverage, or the date of any increase in coverage, is not covered. For Major Impairment benefits to be payable, the Major Impairment must be caused by purely accidental means and must occur within 3 months of the accident, and the insured child who suffers the Major Impairment must survive the loss for at least 30 days. Benefits are not payable for injuries resulting from war or from any act of insurrection.
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| Beneficiary |
| The insured Member (or, if deceased, the estate of the insured Member) is the beneficiary unless Manulife Financial receives written notice from the insured Member appointing a different beneficiary. |
WHAT'S NEXT?
Get a quote & apply online
Download an application
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