Give the Gift of Life Insurance
“Good parents,” said Dr. Jonas Salk, developer of the polio vaccine, “give their children roots and wings.” With a gift of permanent life insurance, parents and grandparents can do just that: provide the roots of financial stability and the wings of economic freedom that can help children soar toward their dreams.
Financially savvy parents and grandparents can give giving a permanent life insurance policy as wedding gifts, graduation, and birthday presents and for just about any other meaningful family occasion. While a gift of life insurance may lack the immediate “wow” factor, its value can outlast any video game, computer, or even a brand new car. It’s probably the only gift where you may receive two thank you notes, one now and a second one 15 years or so later, when the child is an adult and begins to appreciate the enduring value of life insurance.
Why?
It can help establish a foundation for a lifetime of financial security with a life insurance policy for a young person
It can be used to help pay for college or college loans, for a down payment on a new home, or to take advantage of a potential business opportunity. *
It can make an appealing gift to give to a young married couple just starting out to help provide much needed permanent protection the couple may not be able to otherwise afford.
For many people, life insurance can be the first and most valuable financial gift they give to their children and/or grandchildren. Life insurance can be the gift that provides both lasting protection when children leave home and the economic freedom to pursue their dreams. Either way, it’s a gift that will have lasting significance for both the giver and the recipient.
If you would like to discuss how life insurance may benefit your children and/or grandchildren, please fill out the form below and a professionally-trained New York Life agent will contact you at your convenience.
If you'd like to read more about life insurance or New York Life, here is some additional information that you may find useful:
*The cash value in a permanent life insurance policy is accessed through policy loans, which accrue interest at the current rate, and withdrawals. Loans and withdrawals will decrease the death benefit and cash value.