| CHAD LUEKEN AGENCY of Southern Indiana • 142 W. 3rd Street • Jasper, IN, 47546 • Toll Free: 1 (866) 311-KOFC (5632) • |
| BrotherKnight.com |
| BrotherKnight.com |
Why Juvenile Insurance?
It is usually around age 25 that young men and women take the
first major step toward building a life insurance program. Often
they will consult with mom and dad before purchasing their first
substantial amount of Ordinary Life Insurance to add to that
purchased for them as children by loving, concerned parents and
grandparents. Years ago we did this primarily for boys, but how
times have changed!
Farsighted parents today show understanding and vision by starting
their children out not just with a “child’s policy”, but with an “adult’
s policy”, and they do so because they are keenly aware of the
many advantages today which they, themselves were not provided
in their own youth. Among these are:
• Standard, non-smoker rates
• Guaranteed future insurability
(up to $700,000 if qualified)
• No occupational rating
• Lower insurability hazard
• No aviation restrictions
• Early cash reserves
(important collateral for the young adult)
• Funds for education, vocation, or other life mission
• Greater retirement values
• Establishing the habit of thrift
• Insurance can be paid up at an early age
• No “War Clause”
• LOWER RATES THROUGHOUT LIFE!
The following is a comparison between a $100,000 Ordinary Life
male policy purchase at age 1, and one of the same type purchased
at age 25, with the same annual premium outlay:
AGE 1 AGE 25
ANNUAL PREMIUM * $440 $440
IMMEDIATE
DEATH BENEFIT
GUARANTEED $100,000 $46,219
AT AGE 65** $295,000 $81,791
CASH VALUES**
AT AGE 20 $8,951 $--0—
AT AGE 65 $157,694 $40,017
*At standard rates, includes additional riders
**Based on current dividend scale. Dividends are never
guaranteed.
This comparison is for educational purposes only. Refer to valid
policy illustrations before applying for any life insurance policy.
It is usually around age 25 that young men and women take the
first major step toward building a life insurance program. Often
they will consult with mom and dad before purchasing their first
substantial amount of Ordinary Life Insurance to add to that
purchased for them as children by loving, concerned parents and
grandparents. Years ago we did this primarily for boys, but how
times have changed!
Farsighted parents today show understanding and vision by starting
their children out not just with a “child’s policy”, but with an “adult’
s policy”, and they do so because they are keenly aware of the
many advantages today which they, themselves were not provided
in their own youth. Among these are:
• Standard, non-smoker rates
• Guaranteed future insurability
(up to $700,000 if qualified)
• No occupational rating
• Lower insurability hazard
• No aviation restrictions
• Early cash reserves
(important collateral for the young adult)
• Funds for education, vocation, or other life mission
• Greater retirement values
• Establishing the habit of thrift
• Insurance can be paid up at an early age
• No “War Clause”
• LOWER RATES THROUGHOUT LIFE!
The following is a comparison between a $100,000 Ordinary Life
male policy purchase at age 1, and one of the same type purchased
at age 25, with the same annual premium outlay:
AGE 1 AGE 25
ANNUAL PREMIUM * $440 $440
IMMEDIATE
DEATH BENEFIT
GUARANTEED $100,000 $46,219
AT AGE 65** $295,000 $81,791
CASH VALUES**
AT AGE 20 $8,951 $--0—
AT AGE 65 $157,694 $40,017
*At standard rates, includes additional riders
**Based on current dividend scale. Dividends are never
guaranteed.
This comparison is for educational purposes only. Refer to valid
policy illustrations before applying for any life insurance policy.
| CHAD LUEKEN AGENCY of Southern Indiana • 142 W. 3rd Street • Jasper, IN, 47546 • Toll Free: 1 (866) 311-KOFC (5632) • • Local 812-481-9200 • FAX: 812-481-1500 • Email: chad.lueken@kofc.org |
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| plan that fits YOUR needs & wants. We have a plan for YOU! Even if your child is uninsurable! |