Are you a Parent or Grandparent Who Would Like to Make an Impact on your Child’s Future?
Life insurance policy is an excellent way to save for your child’s future.
By the time your child is old enough to consider buying a car, paying the college tuition, putting the down payment for a home or any other important need, they can borrow against the cash value of the policy or simply cancel the policy and cash-out.
How does Juvenile Insurance work?
Throughout childhood, the premiums are invested by their parents or grandparents month after month. Every year, the savings component of the policy grows tax-deferred.
On top of that, most of these policies offer a guaranteed return and contrast well with other financial choices in the market.
One of the most important advantages of investing in a Juvenile Life Insurance policy has to do with the future health of the children. If the policy is enforced early on, they will always be insured and paying the same premiums no matter what future health ailments affect them.
Justin is a perfect example of the benefits of Juvenile Insurance. He was insured by a grandmother at the age of 2 months old. At 18, Justin developed diabetes. More than a decade later, when he turned 29, he got married and bought a new house. He borrowed money from his life insurance policy his grandmother had been paying for since he was 2 months old. At the age of 31, Justin had twins and decided to start paying the premiums himself. Justin was forever grateful to his grandmother for insuring him as a baby. Due to his history of diabetes, he would not have been able to afford the premiums nor the new house if it hadn’t been for his grandmother’s foresight and commitment to his financial future.
If you’re interested in talking about a Juvenile Life Insurance policy, contact me today. I will be happy to help!