So why should parents or grandparents consider Optimax Wealth 20 Pay for children?
Benefits of Optimax Wealth 20 Pay:
- Affordable juvenile rates if you apply when child or grandchild is a minor
- Dividends* can be used to increase coverage which can increase cash values
- Any dividends, once declared cannot be taken back
- The Guaranteed Insurability Option allows for the purchase of additional coverage, on a child or grandchild, regardless of their health
- Possible tax advantages if you pass ownership to your child or grandchild
- Guaranteed paid-up coverage after 20 years ** means no further financing from you, your children or grandchildren.
- Accumulating cash value can help with future borrowing needs
- Adding a Payor Death and Disability option will ensure the plan continues should the unexpected happen to you
- Allows you to leave a financial legacy to your children or grandchildren