4 Reasons Why We Should Insure our Children?

calgary Life Insurance Quotes

It really can set them up for a more financially secure future

This is a difficult conversation, but it is something that should be discussed.
 
Here are 4 reasons why you should consider insuring your children & grand children:
 
1. Guarantee insurability for the future. Just in case down the road, as an adult they become uninsurable not only because of health issues but also because of lifestyle choices such as skydiving, bungee jumping, paragliding or drug usage.
 
2. It’s a wonderful gift to be able to provide your child with a fully paid up permanent insurance policy as an adult. Many insurance companies include an option for your child to increase coverage as an adult. This is great because they don't have to qualify to get it. The kids can eventually borrow againt the cash surender value of a permanent policy. This is how we bought our first good used car after we got married.

3. If the unthinkable happens having insurance on your child will help ease the financial strain of funeral expenses. Dealing with a tragic loss does not need to be compounded with financial stress. Having proper protection in place allows you to take the necessay time off work to grieve.
 
4. It is very inexpensive. Especially if the policy is taken out at a young age. Permanent insurance works best and can be paid for in full within 20 years and will continue to grow in cash value for years to come. It's also a great strategy to grow money on a tax sheltered basis. 
 
If you would like to explore some options and prices give us a call or send us an email.
 
Your Trusted Advisors,
 
Willis & Nancy
587-755-0159
info@langfordfinancial.ca

 

 

 

 
 

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I attended a session hosted by Willis and Nancy last night. Cost me nothing but an hour of my time. Was well worth it. Willis is one smart guy, so if you are even considering an info session, go hear his message .... I'd be surprised if you don't come away with something you didn't know about retirement planning.

Glenn Saunders
Recent Workshop Attendee

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