Globe Life Insurance for Young Adults
I came across a unique life insurance program that is specifically tailored for children and young adults. It's called Globe Life Insurance and it seems to have a lot of great benefits. It begs the question if you really need a life insurance policy for your child, but this will be an individual decision you make with your family and financial advisor.
Basically, Globe Insurance is a whole life insurance policy that provides up to $30,000 in life insurance coverage for younger people. It's a pretty easy way to establish their financial foundation while they are young. It seems pretty affordable, but premiums may vary. Their website has more information on pricing.
You can buy directly online at their website with just a few health questions. There's no need to talk to anyone. Once your application is approved your full protection starts on the first day the policy is issued. The beneficiary you choose would receive benefits free of federal tax income and there's a 30-day money-back guarantee that is always nice to see.
As with all whole life insurance policies, Globe Life offers cash value which builds over time. This can be used in the future to help with the family's financial needs. It can even be used towards college expenses, which we all know can be outrageously expensive. If you are in the market for life insurance for your child, it's worth looking into. You can also get multiple quotes all at once at lifeinsurance.org.