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 Beck Insurance Agency today in Archbold or Whitehouse, Ohio. Call Beck Insurance Agency at 419-446-2777, send an email to help@beckinsurance.com, or click here to submit your request.
