Providing a child with insurance for life is one of the most valuable gifts you can give a young person. And by giving the gift of a Great Start® Juvenile Whole Life Insurance Policy to that special child, you are giving them a lifetime of protection.
Providing a child with insurance for life is something that every family should consider. Life insurance becomes less affordable as we age, and establishing a policy for that special child in your life when they are young can be a truly “great start”!
Some of the benefits of the Great Start® Insurance Policy include:
► Premiums that are guaranteed never to increase up to age 25.
► After age 25, premiums will increase slightly but then will remain unchanged for life. For instance, at age 25, $20,000 in coverage will increase to $370 annually and then will never change.
► The policy accumulates cash value over time and your child can cash in their policy or borrow against it to fund a college education or pay for other life needs.
► Protection remains in place regardless of what career your child chooses. Even if they go into the military, their rates never change and their policy cannot be canceled, as long as premiums are paid.
► In the future, your loved one can increase the amount of insurance on their existing policy without having to give any proof of insurability. These insurance amounts can be increased on option dates which are the policy anniversaries on which the insured has reached the ages of 31, 34, and 37.
Insurance for life is one of the most important gifts you can give a child!
Learn more about potential issues with cashing in or borrowing against your policy.*