Monday, November 25, 2013

Speros Financial Life Insurance Modern Monday Tip



 Speros Financial Life Insurance Modern Monday Tip

With the upcoming holiday season I wanted to let you know of a unique gift idea for the child you love.

The Gift of Financial Independence
Consider giving the child you love a cash value whole #LifeInsurance policy. It’s a unique gift that grows with them and lasts a lifetime. Unlike toys, clothing and electronics, cash value whole life insurance is a sound financial instrument that
offers these benefits:

Guaranteed cash value accumulation that may be accessed generally tax free
for any of life’s needs

Additional growth through dividends

Ability to purchase additional insurance protection to cover anticipated and unanticipated
events in adulthood via the Policy Purchase Option (PPO) rider

Insurability that is locked in at time of purchase

Lower premium rates based in part on age

When It Comes to Life, Timing Is Everything
Time is an asset when it comes to purchasing insurance. Purchasing a policy for a child you care about when he or she is young is more cost-effective and may be beneficial later in life, if he or she becomes uninsurable or less insurable.

For example, a whole life policy issued at age 0 with a $250,000 death benefit will cost only
$1,255 per year. The annual premium for the same amount of coverage will be higher as the
issue age increases.

A Legacy of Financial Security
Best of all, when you purchase cash value whole life insurance for a child, you’ll be remembered for giving a guaranteed head start toward financial security — that’s both meaningful and lasting.

A Special Way to Say You Love Them

Vasilios “Voss” Speros

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