A Legacy that Grows With Them: How Life Insurance Supports a Child’s Future

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A Legacy that Grows With Them: How Life Insurance Supports a Child’s Future

A Legacy that Grows With Them: How Life Insurance Supports a Child’s Future

Here is a unique way to contribute to the financial future of the young ones in your life. Whole life insurance can benefit them and future generations in many ways…

TAX-FREE GROWTH

Cash values grow tax-free and can be accessed to fund future opportunities such as post-secondary education, buying a home, or starting a business.

GUARANTEED INSURABILITY

Regardless of lifestyle or health status their insurability as adults is secured with the ability to obtain $500,000 of additional life insurance.

PERMANENT LEGACY

The initially small whole life insurance death benefit grows over a lifetime to provide financial support for estate and legacy planning.

Kelowna-Life-Insurance-Protection-Family-Financial-PlanningWHO BUYS IT? Parents or grandparents

HOW MUCH IS IT? Plans start at around $21 per month

EXAMPLE:

$50 per month set aside for 20 years for the future benefit of a 1 year-old girl.

These policies blossom after the 20-year mark. Here’s how it provides a lifetime of financial benefits:

Age 21: $10,000 of cash value for post-secondary education.

Age 25: $250,000 of additional low-cost term life insurance purchased with no hassle.

Age 30: $17,500 to help with a down payment on a home.

Age 100: A $500,000+ legacy for future generations.

Year | AgeCash
Premiums
Guaranteed
Cash
Value
Projected
Cash Value
Projected
Death Benefit
Guaranteed Additional Life Insurance
  Now |   1600.000026,417500,000
  17 |   18600.002,3258,33172,623500,000
  20 |   21600.003,46111,40786,167475,000
  24 |   250.003,93613,91398,715225,000
  29 |   300.004,62318,969114,4280
  64 |   650.0013,552127,952259,4110
  84 |   850.0020,922324,289408,4910
  99 | 1000.0026,417571,999571,9990
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HOW DO I GET IT?

Applications can be done in-person, online, or over the phone in about 30 minutes.

Get started now by filling out our Insurance Information Form.