Message from Micahel Permuko, F.A.

Worthy Brothers,

Hope all are enjoying the summer of 2010. As a Field Agent, over the past 3 years I have discussed with some of you the importance of life insurance on your children or dependent grandchildren. The below article from the August 7 - 8  Wall Street Journal highlights another good reason that is new to me.

A life insurance policy on your child will serve you and your family in a number of ways:

1. As a parent, if you co-sign a loan for your child such as a private student loan, you will be responsible for the payment of that loan if your child should die at a young age. (per WSJ article) (When Student Loans Live On After Death - WSJ.com)

2. Protects future insurability: With our Guaranteed Purchase Option (GPO), you and/or your child can purchase additional insurance for them without showing signs of insurability. (at ages 17, 25, 28, 31, 34, 37 and 40). We do not know what your child's health will be when they need/apply for life insurance in their 20's, 30's or later. This gets them started on a solid foundation.

3. Lower cost:  The rates will never be any better than they are right now for a whole life policy on your child. The premium on their policy will never change for the rest of their lives, while receiving dividends and cash values.
 
4. Encourages saving: Our plans offer terrific cash and dividend values to help supplement cost of future likely purchases, such as the purchase of a college education, home or a wedding. The cash values in the policy will only go up and not fluctuate as an equity fund  will. Also the cash values can help supplement your child's retirement if the policy is not cashed in.

A life insurance policy may not be a glamourous gift in our materialistic society today. However, life insurance for your child is truly a lasting gift, which they will look on later in life as one of their most cherished assets.

God bless!
Mike