Speros Financial Life Insurance Gift for the day!
Speros Financial-
#1 For Life And Retirement Strategies Gift of the day!
https://www.google.com/+VasiliosVossSperos 602-531-5141
A gift they never knew they wanted
That’s right. You can
give life insurance as a gift to your children or grandchildren--for birthdays,
graduations, weddings and all of life’s big moments. Or just because it’s
always a good thing to do.
Just think about all
the tech gadgets and kitchen gizmos you've given your children over the years
(we’re including adult children, too). Sure, they had that immediate “wow”
factor at first, but now all they do is collect dust.
The gift of life
insurance, though not quite as exciting as a new video game system or spa gift
card, is something that will one day leave your kids and grandkids wondering
what they ever would have done without it.
Why
life insurance?
·
Life insurance offers
a lifetime of protection and financial security: Whether it's a gift for a
child or young adult, the policy can provide a lifetime of financial
protection, as long as the premiums are paid.
·
It’s a gift that can
increase in value over time: with permanent life insurance, every year the
premiums are paid, the cash value in the policy grows. Buy it for a young
adult, and the cash value can grow to be accessed via policy loans* for a
number of purposes, like funding their children's education, or, if there is no
longer a need for the full death benefit, supplementing their own retirement
income decades from now.
·
The cash value grows
on a tax-deferred basis: The value that builds in your whole life policy is
called cash value. This can accumulate considerably in the long term,
especially since taxes on the cash value growth are deferred.
·
It protects the
child’s future insurability: Once the policy is issued, coverage cannot be
canceled as long as all required premiums are paid. And if you buy the policy with
a Policy Purchase Option, no matter what the state of that child’s future
health, he/she will be able to buy more life insurance and have at least some
protection for his/her own family.
Remember, life
insurance premiums are based on age. So if you buy a policy while the child is
young, the less you will have to pay in premiums. Also, buying now locks in the
rate on a permanent policy at the insured's current age for life.
How
the policy works
If the insured is a minor, the policy is owned by the adult who purchases it until the child is no longer a minor. Ownership can be transferred at a later date. The beneficiary is generally a guardian or parent. With adults, the policy is generally owned by the insured, who selects the beneficiaries.
If the insured is a minor, the policy is owned by the adult who purchases it until the child is no longer a minor. Ownership can be transferred at a later date. The beneficiary is generally a guardian or parent. With adults, the policy is generally owned by the insured, who selects the beneficiaries.
Premiums can be
handled in one of two ways. You can either make a single lump sum payment to
buy a single premium policy. The advantage is that no further premiums are
required.
The second choice is
to select the premium or death benefit desired. Then, make the scheduled
premium payments. With both options, be sure to check with your tax
professional for any tax consequences associated with gifting money.
Getting startedTalk with one of our agent to determine which policy best fits your needs
Vasilios "Voss" Speros 602-531-5141
Spence Cassidy and Associates
#LifeInsurancePhoenix #RetirementStrategiesPhoenix
http://www.scaaz.com/
http://1lifeandretirementstrategies.blogspot.com/
https://www.linkedin.com/pub/vasilios-%22voss%22-speros/60/722/67b
vsperos@scaaz.com
85018
No comments:
Post a Comment