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annuity's.....
Looking for a Niche... is there a company with a good single pay that grandparents can gift the grandkids? I just got contracted with RNA, know they have 20 pay. Thanks.
Illinois Mutual has a single premium policy that is $300 per unit with a max of two units or $600.
For a one time payment of $300 the child is covered for $5,000 til age ? the it increases to $10,000 til around age 15 then jumps to $15,000 til age 23.
I am off on the ages but you get the picture. Just double the coverage for the $600 premium.
At age 23 the child can purchase a $100,000 per unit guarantee issue whole life.
Call them to get the exact numbers but I am close.
Also Cincinnati Life has a single pay and a ten pay.
Shooter
Annuity.... Being so new and never having looked at annuities,
Thanks, Shooter, that is what I was looking for. I will check them out.
I will also appreciate info on more companies, and why one would choose to get an annuity instead.
An annuity is for retirement income.
Life insurance is for a death benefit and money can be pulled out at any age not just 59.5 +