Let’s be honest, the thought of losing a child makes you feel uneasy. If the unimaginable happens, life insurance coverage for that child gives the family time to grieve, funds to pay for burial/memorial, and address any other final expenses. But there is more to purchasing life insurance than the death benefit.
Benefits of insuring a child: • Establishing a base of life insurance • Potential for tax-deferred cash value growth • Protection of future insurability through riders and conversions • Creation of generational wealth • Tool for financial and budgeting education
Catholic Financial Life offers multiple permanent plans that are excellent for children. Permanent plans purchased on children ages 0-17 automatically include the Juvenile Purchase Option for free!
This Christmas, consider purchasing a gift that lasts a lifetime—the gift of Life Insurance!