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Children Life Insurance

Financially secure seniors who have accumulated substantial assets, and have appropriate amount of life insurance for themselves, and who wish to create a tax-advantaged financial legacy for their grandchildren, including help with future college expenses, should consider purchasing Children Life Insurance, namely, a whole life insurance policy for their grandchildren.

Through hard work and planning, you have met your investment goals and have safeguards in place to ensure that you will always have the means to live comfortably through retirement. Now, you are in a position to share your wealth with the people you love.

Many people think of life insurance as a way to protect their family from the loss of income in the event of the main provider’s death. A whole life policy purchased on the life of the child can be an excellent financial tool to provide for the financial stability of their children/grandchilden’s future.

Benefits of Purchasing  Children Life Insurance

Establishing a life insurance policy on the life of each of your grandchildren at a young age, through a series of gifted premiums, can be an excellent investment in their future. Consider how the tax-deferred savings in a whole life insurance policy can be used:

  • As young adults, your grandchildren could access the cash value in their policies to help finance their college educations.
  • As they mature and their needs change, your grandchildren could access their policies to assist with a down payment on a home or to help fund a business opportunity.
  • In retirement, the cash in their policies could be used to supplement other income sources…, and they would still have a death benefit for their beneficiaries!

As you can see, if you are a financially secure senior who has accumulated substantial assets, you are in a very fortunate position. You are in a position to create a legacy that can survive generations. One way to create a legacy is through the purchase of children life insurance, your children, or most likely, your grandchildren. And that is a very nice place to be. You have taken care of yourself, now you can take care of those you love and who love you in return.

If You Want To Obtain Children Life Insurance

You certainly can purchase Term Life Insurance for children when thinking about children life insurance. However, except for life protection for a limited term, term life insurance does not offer all the financial benefits that can be obtained with a whole life policy. You may have heard some financial advisors, or so-called financial advisores, on television, talk about how it makes sense to “buy term and invest the difference” when considering buying life insurance. This is an analysis that works well for some and not so well for others, One factor to consider is that when one “invests the difference” one will inevitably take financial risk, which is not the case when investing in a whole life policy (also called permanent life insurance). You may want to click HERE for more about purchasing a term policy or a permanent policy.

And, you will notice that on this website you can actually obtain life insurance quotes. These quotes are for Term Life Insurance only. Even though you will be able to obtain Universal Life Insurance quotes, which are actually permanent policies, they are not whole life policies, which is what is recommended if you are looking to establish a legacy for your grandchildren. Whole life insurance qoutes must be obtained on an individual case basis. For this you need to go to our Request For Free Consultation page and enter the specifics of your situation. Or email us to oscar@insuranceglobe.net .

Or, call us at our Toll Free Number (888) 950-8376 so that we can help you determine which is the best plan for your specific needs.