Alberta School Board Employees

Capital Kids' Health Account

That's what the Capital Kids' Health Account is set up to do.

How it works:

Grandma & Grandpa start the Health Account for their grandson
- 5 year old grandson
- $50,000 in coverage
- the health account establishes a critical illness and life insurance policy

28 different critical illness diagnosis and procedures
- financial protection for life if diagnosed with any of 28 different critical illnesses or procedures
- including cancer, major organ transplant, MS, Parkinson's and cystic fibrosis

Unlimited Fracture Coverage for life
- pays between $1,500 and $5,000 for anything from a broken arm when they're a teen to a fractured hip when they're 80

Fully paid up in 20 years
- can be paid up in 20 years and carries on for life - or bought a a single cash gift
- after this, the kids don't have to pay any more money into the policy

Financially protected for life
- if the child gets sick or breaks a bone - anytime in their life - they have money to help them out
- or they have Life Insurance when they die, no matter how far down the road that is
- or the policy can be cancelled once the child is grown up and the money used for a house down payment, education or any other purpose

Additional Life Insurance
- for an additional $12/month
- a life insurance policy that can be converted down the road to a permanent life insurance
- with a guarantee that they can be insured later, even if a condition makes them uninsurable
- $100,000 in coverage for 20 years
- for $7/month more, guarantee their ability to double their coverage in the future

If you had the chance to protect your kids (or grand kids) and leave a gift that would last them for life, wouldn't you want to do that?