Whole life insurance designed specifically for children is one of those things that every mom and every family should give serious consideration to and is one of those things that many of us are either unaware of or we know little about it. In many circumstances it can be an important element in the future financial planning and protection for you and your child.
The Great Start® Insurance Plan is offered by Guarantee Trust Life Insurance Company, which is in Glenview, Illinois, GTLIC has been in business for over 80 year and you can learn more about the company at https://greatstartinsure.com/. Great Start’s specific offering is juvenile whole life insurance coverage which is available to children from the day they are born until they are 24. They offer 5 policy levels: $10,000, $15,000, $20,000, $25,000 and $30,000.
The application process is simple, and they only ask questions about the general health of your child, their age and gender and where you live. Basically, almost everyone who applies is accepted.
If you are a parent or grandparent who is trying to decide if juvenile whole life insurance is right for your family, it is often a good choice. Whole life insurance is the most affordable when a child is young, and you can lock in rates that are extremely low. Furthermore, the policy that you secure when they are young can be extended by them when they are adults. They are then the owner of a policy that is much less expensive for them than if they had purchased it for the first time as young adults. They can even keep their policy if they join the military or engage in a risky occupation as an adult.
Visit the Great Start site at https://greatstartinsure.com/ and you can learn everything you need to know about the importance of juvenile life insurance for your family.G