If you have grandchildren, you probably have witnessed them being showered with toys and gifts for their birthdays and holidays. Just how many toys does a child need?
For those in the Colorado Springs, CO, area, Westco Insurance LLC has a unique idea that can literally pay dividends for years. Consider the gift of a permanent, whole life insurance policy.
Why an Insurance Policy for Grandchildren Could Be a Good Idea
Yes, it may be a little unique, but buying a life insurance policy for a child makes sense.
- A permanent life insurance policy can build value over the years. This equity can be used to help pay for college, buy a first car, or even get an early start on a retirement plan.
- Life insurance is more affordable when young. This means you can secure a large amount of insurance at an affordable price.
- It provides life insurance protection while it builds value. This also helps assure insurability.
- You can choose payment options. You can pay for the policy upfront in a lump sum or make payments over time, which provides flexibility in budgeting.
- As a grandparent, you probably appreciate how quickly time passes. The longer a whole-life policy is in force, the more opportunity it has to increase in value.
Learn More Today
If you live in the Colorado Springs, CO, area and would like to discuss the options for giving the lasting gift of life insurance to a grandchild, we invite you to contact us at Westco Insurance LLC. We can show you how an affordable policy can build value over the years, quote a price, and get you started. Contact us today.
