How do claims work for Bowtie Children's Growth Term Critical Illness Insurance? Does the policy terminate after one claim?

  • Applying before child is born, Bowtie Children's Growth Term Critical Illness Insurance provides $100,000 coverage for pregnancy complications, regardless of whether a claim is made or not. After the baby is born, as long as the policyholder continues to pay the premiums, the policy will continue to provide coverage for the baby. If the insured person (expectant mother) experiences one of these 3 types of pregnancy complications: miscarriage, medically prescribed induced abortion, or still birth, the policy will automatically terminate, and charges will stop on the next premium due date after the claim application.
  • Applying before or after child is born, Bowtie Children's Growth Term Critical Illness Insurance provide $500,000 coverage for the baby. The policy will only terminate if the full amount has been claimed, or if the policyholder cancels the policy.