Answers for Parents and their Children
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Give
your
child a financial head start in life
Why buy life
insurance protection for your child?
By purchasing a life insurance plan for your
children now, you guarantee them life insurance
protection for the rest of their lives. In most
cases, no matter what health problems may develop, they
are assured of continual protection.
But can't they purchase a policy as young adults?
Yes, but premiums will probably
never be lower than at these younger ages. Careful
planning now might provide protection that could cover their
insurance needs over a lifetime. Purchase of a
well-planned portfolio would be an outstanding gift
from a parent or grandparent.
What about teaching children financial
responsibility?
Life
insurance is the foundation of solid financial planning.Most children do not understand money, but a life
insurance policy is a great start for entering the financial
world. Investing in a lump-sumSingle Premium Plancan be a life lesson in interest accumulations.
What benefits can my child apply for?
Any high school senior in current standing
that has been a member of the American Fraternal Union
for at least two years can apply for a college
scholarship. This program has helped countless
high school seniors attend
four years of college or technical school.
