Do you want to give the most memorable gift to your child or grandchildren this year?
We all love our young children and grandchildren and want to give them gifts that they want. As minor children or grandchildren, their wants are most likely for the latest toy or gadget that will most likely be forgotten not too long after its given. These minors, as expected, do not know yet what you know. You know that the toy or gadget will provide only temporary happiness and you want them to have a gift that will benefit them financially in the future.
What gift could you give them as minor children or grandchildren that would help them financially in the future, will cost less due to their young age, and may not be available to them once they turn 18? You may have guessed already, but that gift to your minor child or grandchild is a juvenile whole life insurance policy with a death benefit from $5,000 up to about $25,000.
What are the 5 Big Reasons to make this your chosen gift?
1. You guarantee their insurability. You never know when a new illness diagnosis that may prevent a person from acquiring desired life insurance later in life.
2. The premium cost is low due to their young age, being under 18 years – you likely have spent more each year for gifts that no longer have any value or use.
3. You lock in that lower cost premium for the life of the policy – the lower-cost will not change, and it’s a high value gift you can give each year without having to figure out something new and memorable to give each time. That locked-in lower premium will most likely be affordable for them to pay the premium themselves when you no longer can.
4. As a whole life policy, it will build cash value that they can borrow from in the future – a better option than a bank loan or a credit card advance.
5. Additional coverage can be purchased without evidence of insurability at certain points in time – that guaranteed insurability can be incredibly valuable later in their life.
Sometimes, we don’t think of purchasing life insurance on anyone else’s life other than ourselves or our spouse, but it is a definite possibility (plus an incredible gift) for your minor children or grandchildren. Once your child or grandchild learns the real financial value of that gift, they will be grateful and will never forget your insight and love in doing that for them.
If this is a new idea that you want to pursue or a reminder of an idea that you are now ready to pursue, we can help. Feel free to give us a call, text or email, and we’ll be available to you.
Juvenile Life Insurance | Whole Life | Child Life Insurance | Bradenton FL