Juvenile Whole Life Insurance

When it comes to buying your young or infant child a truly valuable gift, consider juvenile whole life insurance. A type of permanent insurance, it creates a living legacy that will accumulate cash value with each passing year, and may help your child (or grandchild) get a head start on their financial future.

Four reasons to consider juvenile insurance:

  • Accumulation potential — Juvenile Premier Whole Life has the potential to accumulate cash value each year, and can be used in the future to provide a down payment on a first home, help pay for college, start a business or other opportunities. (Note: Loans against your policy will accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest. Withdrawals reduce the available death benefit.)
  • There are tax advantages — Under current law, cash values that accumulate in the policy are tax deferred. Even when borrowed, in many instances, there may be no tax consequences. Proceeds received by beneficiaries are generally not taxable as income. Consult with your tax advisor for more details.
  • Premium rates may never be lower — While premiums generally increase with age, with whole life insurance it’s possible to lock in the initial premium for life at the insured’s current age at issue.
  • Help guarantee a lifetime of insurability — Once the policy is issued, coverage cannot be canceled as long as all required premiums are paid. The policy you purchase for a child today can be there years from now — providing death benefit protection for that child’s future son, daughter, or spouse. At an additional cost, a rider may be included that provides the insured the opportunity to purchase additional coverage at designated dates regardless of insurability.

Start your child’s legacy now

The earlier you begin, the lower the costs and the longer the policy has to accumulate cash value. Protect your child’s or grandchild’s insurability in case health or other factors become an eligibility issue in the future. You can purchase Juvenile Premier Whole Life for children from age 15 days to age 17 for a few dollars a month. So, give a child you love the gift that keeps on giving —  Juvenile Premier Whole Life.