If a child or teen in your life will soon celebrate a birthday or milestone, you are probably looking for the best possible gift. While the coolest new tech or colorful toys may tempt you, the best present you can give a beloved young person isn’t quite so glamorous. Life insurance with a single premium may be the right choice.
Of course, when the teen in your life graduates or a new child is born, the idea of life insurance is far from most minds. However, you can ensure your loved one’s financial security and their future family with one payment. Instead of paying on this gift for years to come, choose life insurance with a single premium to give the gift of security.
This gift will never wear out. It won’t break or tatter. Instead, it will gain value over the course of the recipient’s life. Should your loved one ever need the money to start a business or pay for college, he or she can take a loan out against the fund.
Furthermore, this incredible gift ensures that the recipient will always be insurable. Single premium life insurance plans allow policyholders to take out riders that increase coverage, even in old age or bad health. It’s the gift that truly keeps giving.