Parents' Promise

 Make your child a promise you can keep with a Parents' Promise Plan.

Parents’ Promise is a Whole Life Insurance policy that protects your child while building a valuable nest egg for their future. Available for your children from birth to age 13, the plan grows as they grow into a lump sum which can be used for your child’s education, to make a down payment on their first house or start a business. The earlier you begin the lower your premiums will be and the more savings you will have for your child’s future.

FEATURES & BENEFITS:

• 15% Cash payout
  At age 18 your child will receive a cash payment of 15% of the policy’s initial face amount.This payout will come just in time to help your child with college expenses, to buy their first car,start a business or even make a downpayment on their first home. The cash payment may also be used to start an investment account for future use.
  
  Face value multiplies FIVE times
  At age 21, the Face Value of the policy multiplies FIVE times, providing your child with valuable life insurance coverage through adulthood at the same low premiums that were paid during their childhood, providing the premiums are paid. At this point, your child can take over ownership of the plan and use it they would any other Whole Life plan later on in life.
  
  Premium Waiver
  If premium payor (parent) dies after issue date and before the child's 21st birthday, premiums will be waived until the child turns 21. This benefit ensures that your child will continue to receive insurance coverage and your financial plans for their future will not be derailed. Your child will still receive a 15% payout at age 18 and the plan will multiply five times when they turn 21 when they can begin to pay their own premiums.
     
  Level Premiums
  Premiums will remain level throughout the life of the policy as long as you continue to pay your premiums. Your child can take ownership of the policy at the same low premium for the life of the policy. That’s a big saving over what
  they would pay for new coverage as an adult.

Make an appointment today to meet with a professional Insurance Agent and let us design a plan for you.

Call 949-5089 or email askus@mybafsolutions.com

parents promise brochure PRINT.pdf (~ 993 KB)