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. In the event that a serious accident strikes your child, CPA Select Child Life & Accident Insurance will help ensure that financial considerations don’t add to your family’s burden.
Child Life & Accident Insurance is available to members and spouses 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.
This coverage includes the following special features at no additional cost:
|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).
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.
See the rates that apply to you.
|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:
Note: Coverage of an insured child who is incapacitated due to a mental or physical disability on the date he/she would otherwise cease to be an eligible Dependent Child, will continue.
- Dependent on the member for support; and
- Under Age 21 (or under Age 25 if in full-time attendance at school or university).
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.
|Limitations and Exclusions|
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.