William Penn Life, 2006 (41. évfolyam, 2-12. szám)

2006-02-01 / 2. szám

MoneywiSe

with Mark Lantz

My adult children need more life insurance!

Let's get them the permanent plan to take care of their needs into their senior years. Share this message with young adults you know. Young adult children are buying permanent life insurance to lock in on lower premiums. That's right. When they purchase a permanent plan at a younger age, the premiums never go up. Making an informed decision to buy permanent life insurance at a younger age will save you money over premiums purchased at a higher age.

Items to think about:

• Your child recently graduated from college (maybe benefited from the WPA scholarship program) and doesn't have a WPA permanent plan, yet.

• A young adult is working and knows that their financial responsibilities are growing.

• Life insurance coverage at work is a very small amount, in many cases only $10,000.

• A young adult knows that their health future may be uncertain, especially when they hear what has happened to others their age who are in bad health or died at a young age.

• Most people like to save money. Cash values build inside permanent plans.

• Affordable? For the price of a lunch or dinner, many parents and grandparents are actually helping their loved ones get started. They know that their children don't think about life insurance at a young age. Parents and grandparents know the importance of life insurance, and they want to help them get started. That's love.

Sample Monthly Premiums

Life Paid-Up at Age 65 Permanent Plan (Standard Issue)

Issue

Age

Face Amount of Insurance

$10,000$25,000

$50,000

Female

Non-Smoker

20

10.20

16.49

28.49

30

12.32

21.80

39.1 1

40

16.48

32.20

59.90

Female

Smoker

20

10.79

17.98

31.46

30

13.28

24.21

43.92

40

18.14

36.34

68.18

Male

Non-Smoker

20

10.76

17.91

31.32

30

13.1 1

23.78

43.07

40

17.92

35.80

67.10

Male

Smoker

20

1 1.96

20.90

37.31

30

14.99

28.46

52.43

40

21.16

43.90

83.30

We have agents who may help your family and friends.

Call us today at 1-800-848-7366.

Thank you for the opportunity to help you and your family, today and tomorrow.

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William Penn Life, February 2006