Have You Ever Heard of a Columbia MD Juvenile Life Insurance Policy?


You’ve more than likely heard of life insurance. After all, it’s a well-known fact that life insurance is one of the best ways to protect the financial future of your loved ones. And while there’s no denying the benefits of life insurance, there’s likely a version of this insurance that you haven’t heard of … juvenile life insurance?
Let’s take a quick look at this type of insurance and its benefits.

What is Columbia MD Juvenile Life Insurance?

Just like an adult life insurance policy, juvenile life insurance provides benefits in the event of the juvenile policyholder’s death. Some of the top benefits of this type of policy are that it features:

  • Cash Value Accumulation
  • Access to Cash Value
  • Tax Advantages
  • Guaranteed Insurability
  • College Savings with a Lifetime of Benefits
  • Estate Planning/Legacy
  • Lower Costs
  • Privacy
  • Asset Protection
  • Flexibility

As you can clearly see from the benefits above, juvenile life insurance policies are especially advantageous for those who wish to leave behind a substantial financial legacy for their children. Being that parents and grandparents can contribute up to $13,000 per person to an unlimited number of receiptients each year without enduring any taxes for the gifted monies, this makes this type of life insurance one of the most valuable policies to invest in.

Best of all, when you invest in a juvenile life insurance policy for your children or grandchildren, you don’t have to switch into their name when they turn 18. Instead, you can choose when they know about the policy, when the policy is transferred into their name, and you also decide the exact terms of the many ways they can use the cash value funds.

To learn more about juvenile life insurance policies, please contact us today.