William Penn Life, 2005 (40. évfolyam, 1-12. szám)

2005-05-01 / 5. szám

MoneywiSe

with Mark Lantz

what’s lifeinsurance?

"Why do you ask?"

"Well, one of the kids at school said that his mommy got a lot of money from life insurance after his daddy died. Doesn't his mommy have her own money?"

Kids ask good questions. Teaching children about money and financial responsibility usually comes from the family first.

Not every family understands or appreciates life insurance. Many people don't like to talk about their own mortality. Those who come to appreciate it for what it can do for the family have planned to share their love with pennies on the dollars. Some people like to have life insurance coverage of five to seven times their annual salaries to cover their family's financial needs. That includes living expenses, college funding and retirement planning.

There are several ways to explain how you have planned for your children's future. Giving clear, thorough responses will have a lasting impression on their own financial decisions.

Share with your children the concepts of budgeting and planning today. They may understand why you make certain buying and planning decisions.

Offer your children the responsibility of starting their own savings and life insurance plans. A 20-year pay plan is a great way to protect them with a low cost permanent plan. The WPA's Juvenile/Youth $20,000 renewable Term Life Insurance plan for only $25/year may be another option.

At right are a few samples for your consideration of Permanent Life Insurance for younger members.

Call us for all your life insurance questions. We love helping you and your family.

20 Pay Life Permanent Plan

Male

Male

Female

Female

Age

$10,000

Monthly

Premium

$25,000

Monthly

Premium

$10,000

Monthly

Premium

$25,000

Monthly

Premium

5

9.76

22.14

9.05

20.39

10

10.67

24.44

9.81

22.28

15

11.75

27.14

10.74

24.59

WANTED - Fraternal Life Insurance Agents

If you enjoy the fratemalism of William Penn Association and would like to further serve your members, family and friends, then call Mark Lantz, Sales Director. I would like to share an opportunity with you to further expand our society and help you to provide for their financial security. Call me at 1-800-848-7366 ext. 134 for more details.

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William Penn Life, May 2005