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A Holiday Gift to Consider

A Holiday Gift to Consider

December 23, 2020
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It’s the holiday season and many of us are struggling with the same question, “What on earth do we get as a gift for our beloved children and grandchildren?”  With Amazon and online shopping readily available, one would think that shopping for a child would be easier than it was years ago. But this does not seem to be the case.  Often times with many children using technology (maybe more than us parents would like!), gift giving can be a struggle since everything seems to be right at the touch of a button.  I am a parent.  It is a daily struggle for me.  So if you are searching for a gift for your child or grandchild and are not sure what to buy, consider a life insurance policy.  A whole life product accumulates cash value.  Cash Value is an amount of money that accumulates with time where a child can use it in the future for any number of reasons whether it be to purchase a home, pay for educational expenses, or putting it towards their own retirement. They can accomplish this all while the parent or grandparent (or loved one) pays for the child's policy.  Young and healthy is always good news in the life insurance business so children's rates are competitively priced.  Purchasing a permanent life insurance policy for your kids when they’re young can offer a combination of competitively priced premiums and locked-in insurability for life. As time goes on, imagine sitting down with the child and showing them an insurance policy in their own name and how that cash value is accumulating.  A ten year old might imagine a shiny new cell phone.  That same child in 10 years will be 20 and about to start adult life.  That cash value will mean more and gain more value than a new cell phone from when they were younger. A life insurance policy can help you leave a legacy to the next generation.  Consider the "gift" of life insurance for a child who you love. Unique to say the least but sometimes the best gifts are! Call me today for a free consultation to discuss giving a life insurance policy to a loved one.

Amy Galliano

504-908-5938

Galliano.Amy@pennmutual.com

 

*Accessing cash values may result in surrender fees and charges, may require additional premium payments to maintain coverage, and will reduce the death benefit and policy values.

This post is for informational purposes only and should not be considered as specific financial, legal or tax advice. Always consult your legal or tax professionals for specific information regarding your individual situation.   

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