What is cord blood insurance?

Some family banks provide forms of insurance that either guarantee their banked samples or help their client families pay for therapy using cord blood.

• Engraftment insurance is a policy that will pay the family a lump sum if they try to use the cord blood for therapy and the stem cells fail to grow, or engraft.
• Some family banks offer families a payment if a child gets sick with an illness that requires a cord blood transplant.
• Community banks usually offer families a payment to help them pay for the cost of therapy when they make a withdrawal from the bank.