Guaranteed Gift-Giving, No Bow Necessary!

We are approaching the holiday season, and retailers all over the country will be vying for your money to embrace the gift-giving spirit of the season.

Holiday wish lists for children and young adults may include merchandise such as iPhones, computers, clothes, games, toys, or concert tickets. Maybe even a family vacation! All are great gifts for those fortunate enough to receive them. However, these gifts may only be temporary.

I have something different for you to consider: the lifelong gift of a life insurance policy for a young child.

What will a child get from this intangible gift? Something valuable and long-lasting, with benefits for years to come.

Consider: what will continue when the vacation is a memory, the fads have passed, or the toys and clothing have been outgrown? A parent, grandparent, relative or family friend – anyone who wants to provide something meaningful – can do so by purchasing life insurance for a child as young as one month old! For only $15 per month or $180 per year, this child will be assured of multiple benefits, including:

Guaranteed cash values with competitive dividends which would boost savings in the future.

Guaranteed rights for the child to obtain an additional six times the initial amount of life insurance regardless of their health.

Guaranteed premiums that will never change.

Featured options for policies that are paid up in 10 years.

Paid up policies which can be used as collateral for business and other opportunities available when the child becomes an adult.

In the event of the long-term disability or death of an eligible parent or qualified adult, the policy will be paid up by the insurer. (Note: Eligibility is qualified by health, age, and responsibility for / relation to the insured child.)

As you can see, the financial benefits for this investment will provide additional security for years to come!

Here is an actual example of how this gift works:

A great-grandmother wanted to provide a gift to benefit her great-grandchildren: two brothers, ages five and two. This insurance gift – $50,000 of life insurance coverage each – was provided through their father, the woman's grandson, who meets the eligibility requirements. Although she herself is too old to qualify, she can personally provide about $1400 per year to her grandson for the policy premiums.

She intends to give this money for as long as possible. If her grandson suffers a long-term disability or dies before the policy’s 20th year, both policies covering the brothers will be paid up.

Presuming the policies are paid normally through the 20th year, the brothers will each be able to purchase an additional $50,000 of whole life every three years until they reach age 40 – no additional qualifications necessary!

While they may not understand it now, as they get older the brothers will definitely appreciate the foresight their great-grandmother had in making a guaranteed contribution towards their futures!

What other gift can bring such benefits for years to come?

The circumstance outlined here is only one of many possibilities for this type of arrangement. It can be a grandparent providing for a grandchild through another relative, an aunt or uncle for their niece or nephew, or another relationship. Regardless of the situation, this is truly the gift that keeps giving!

The holidays are upon us, so call me today! I’m happy to discuss how this type of policy can work for you in your particular situation. Let's get this wrapped up with a bow for your loved ones!