As we approach a season of caring and giving, consider adding life insurance to your shopping list. With a life insurance policy from Auto-Owners, you could stretch your dollar further this year.
WHY BUY LIFE INSURANCE FOR A CHILD?
• The greatest benefit of purchasing life insurance for a child is protecting their insurability. No one knows what the future holds, so purchasing life insurance for a child ensures that they have a lifetime of coverage that they may not be able to purchase as an adult due to an unexpected illness or disability.
• Life insurance typically costs much less for children than it does for adults.
• It offers permanent, lifetime coverage.
• The parent or grandparent can maintain ownership and premiums of the policy until the child reaches adulthood.
• The owner of the policy may be eligible for multi-policy discounts on their other Auto-Owners policies
TYPES OF POLICIES TO CONSIDER
• Whole Life
• Single Pay Whole Life
• Ten Pay Whole Life
• Simplified Issue Children’s Advantage Plan Plus®
• Universal Life
WHY BUY LIFE INSURANCE FOR A CHARITY?
• Charitable gifting of life insurance helps preserve the future of an organization you care about.
• Allows you to leave a larger contribution to your charity: you can take the money that you were planning on gifting to the charity to purchase a life insurance policy with a much larger death
benefit amount.
• Gifting your policy to a charitable organization may also yield a current income tax deduction. References to tax aspects are not intended to constitute tax, legal or accounting advice. Consult your legal or tax advisor for specific advice.
• Helps you leave a legacy.
• Support a great cause!
TYPES OF POLICIES TO CONSIDER
• Single Pay Whole Life
• Ten Pay Whole Life
• Simplified Issue Whole Life
To discuss how you can use life insurance this Christmas season to maximize your giving, contact Frost-Beck Insurance Agency today in Archbold or Whitehouse, Ohio. Call Frost-Beck Insurance Agency at 419-446-2777, send an email to frost@frostins.com, or click here to submit your request.
