Life Insurance
  • Children's Coverage

What is children’s coverage?

We understand that you would want the highest quality protection for your family. With Cover Direct, you can get another layer of protection to your life insurance policy. This will allow you to insure your child's life when securing your family life insurance policy. It can be hard to contemplate something happening to your child. For an extra premium, you can have peace of mind that if tragedy was to strike there is financial support there.


A benefit amount of $30,000 is available to cover your child up to the age of 21. Your child will be eligible to apply up to the age of 17. It will pay out a tax-free lump sum amount if the insured child suffers one of the specified illnesses or injuries.

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Children’s coverage FAQs

Children’s coverage is optional coverage that can be added when applying for Cover Direct Family Life Insurance. It offers coverage for your child if they were to suffer from a specified serious illness or injury. Adding this extra to your policy, will increase the cost of your monthly premiums.

Children's coverage is optional coverage that can be added at the time of purchasing your policy, or shortly afterwards. Including it will increase the cost of your monthly premiums. Once it’s in place, if your child were to suffer from one of the defined serious illnesses or injuries, you’ll receive a cash amount. This could be used to help with medical bills or other family expenses. For full details on the list of defined illnesses or injuries, please consult the terms and conditions.

Like the cost of life insurance for yourself, it will depend on your own personal situation. There is no answer that will apply to everyone. The main factor that will determine the cost of this option is the age of your child at the time of application. You can get $30,000 worth of coverage for a child up to the age of 17 and they will be covered until they are 21.

How does children’s coverage work? 

Children’s coverage is an optional cover that can be added to your family life insurance policy. During the application process one of our highly trained team members will discuss this with you. They will go through all of the details and help you understand if it makes sense for your needs.


Children’s coverage will pay out if the insured child suffers from a defined list of injuries or illnesses while protection is in place. 

Does your child need Children’s Coverage?

Children’s coverage for a child can seem like an unnecessary cost but unfortunately you never know what might be around the corner. It can be difficult to contemplate but if your child was to suffer from a debilitating disease or get into an accident, it could have a big emotional and financial impact on your family.


By securing children’s coverage for your child, you can have peace of mind that if something was to happen you are prepared. There is financial support there for when you might need to take some time away from work. During a devastating time when your child is suffering you and your family can be there without having to worry about finances.

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What’s covered? 

Any child who is financially dependent on the Cover Direct Family Life Insurance policyholder can be insured under children’s coverage up the age of 21. This additional amount will be paid out if your child passes away due to an accident1, or suffers from any of the following illnesses or injuries: 

  • Bacterial meningitis resulting in permanent conditions 
  • Blindness – permanent and irreversible 
  • Deafness – permanent and irreversible 
  • Encephalitis resulting in permanent conditions 
  • Loss of hands or feet due to permanent physical severance 
  • Paralysis – total and irreversible 
  • Traumatic head injury resulting in permanent symptoms 

Want to talk?

At Cover Direct Insurance Agency we can get you a quote quickly and easily. You won’t have to wait around long; you can get coverage directly from us. Enter your details below to get the process started.

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Based on ratings on multiple reviews platforms compared to direct competitors since 2022. See coverdirect.ca/reviews for more details.

1

Where the child’s death occurs within 90 days of the accident as per definitions provided and in accordance with policy terms and conditions.