| Children are Special... Especially when it | | | | current interest rate), and a death benefit |
| comes to Life Insurance. Children are | | | | of $500,001.00. |
| expected to be on the planet for a long time | | | | |
| (0-100+ years, according to the new Mortality | | | | Merry and Joselph buy a home and start |
| Tables.), so their life insurance rates are | | | | working on a family of their own. They decide |
| less expensive than an adult or even a teen! | | | | to follow in the footsteps of Merry's |
| Once a child passes the age of 14, they fall | | | | parents, the Childs, and have only one little |
| into a different pricing category. It's | | | | bundle of... you know. By the time there new |
| logical. When is the last time you had one of | | | | son, Michael, is a toddler, Merry is 36 years |
| your teenagers plop on your lap and tell you | | | | old. Her Flexible Premium Universal Life |
| they love you? | | | | Insurance Plan cash value is worth $56,647.00 |
| | | | to $110,159.00, (depending on guaranteed or |
| Life becomes more dangerous for teens after | | | | current interest rate), and she has a |
| the milestone year. They are no longer | | | | long-standing death benefit of $500,001.00. |
| considered cute and cuddly by the insurance | | | | She decides to purchase a similar plan for |
| industry, and subsequently cost a few pennies | | | | Michael. (Don't worry, we won't get into |
| more to insure than your toddler. (But teens | | | | that.) |
| still get a better rate than you or I.) | | | | |
| | | | Seeing that their daughter Merry is in the |
| But to make a short story long, I give you a | | | | safe and loving hands of Joselph, the |
| sample illustration of the power of youth: | | | | Child's, who are now retired, have opted for |
| "The Merry Child Story" | | | | Life Settlement. They cash in their own |
| | | | $500,001.00 Flexible Premium Universal Life |
| This is Merry Child. She is only 2 years old. | | | | Insurance Plan for a measly $250,000.00, and |
| Her parents want her to have a great life | | | | move to Venezuela . Their $250,000.00 becomes |
| when they are no longer around to take care | | | | $ 536,150,000.00 when converted to the |
| of her. (The Childs plan to move to Venezuela | | | | Venezuelan Bolivar (VEB). Though their |
| when they retire.) They have opted to insure | | | | Español is really not that good, they live |
| their precious little bundle of joy for | | | | happily ever after, in the lap of Venezuelan |
| $500,000.50 (the 50¢ is to prevent having | | | | luxury. |
| more insurance on Merry than on themselves, | | | | |
| but sorry, my illustration software rounded | | | | Another 29 years whisk by. Michael has |
| the 50¢ up to $1.00 anyway, so Merry has | | | | finally moved out of the house,(yesterday), |
| the same amount as her folks). | | | | and the Mangers, (Merry and Joselph, come on, |
| | | | keep up), decide to retire on the beautiful |
| Since I am their agent, and did not get this | | | | shores of La Jolla, (pronounced: La Hoya), |
| same financial opportunity from my parents | | | | California . Merry's Flexible Premium |
| when I was a toddling agent, I suggested that | | | | Universal Life Insurance Plan cash value, |
| the Childs sink their hard-earned Benjamins | | | | (depending on who you ask), is now worth |
| into a Flexible Premium Universal Life | | | | $73,862.00 to $575,836.00, and her death |
| Insurance Plan, like their own. (Try saying | | | | benefit is $702,520.00. Life is good, so she |
| that one ten (10) times!) They will pay a | | | | decides to "let it ride" another 30 years or |
| $437.50 quarterly premium, which is slightly | | | | so. (Seeing how Michael has decided to become |
| less than the cost of 20 pounds of | | | | a Missionary, and single-handedly save the |
| Starbuck's(R) Black Apron Exclusive(R) Costa | | | | world. You go, Michael!) |
| Rica Whole Bean Roast, La Candelilla Estate | | | | |
| Coffee(R). (Try saying that once!) | | | | At age 95, Merry, who is now a widow and |
| | | | grandmother of 12 fledgling missionaries, |
| At age 18, Merry is guaranteed to have a | | | | logs in to the Virtual Reality Online Portal, |
| college fund of $20,710.00, (possibly | | | | (formerly known as the internet), to check |
| $27,614.00, based on current interest rate), | | | | the status of her Flexible Premium Universal |
| and a death benefit of $500,001.00. After | | | | Life Insurance Plan. Her cash value is |
| four (4) or five (5) years of higher | | | | estimated to be worth $2,744,076.00, and her |
| learning, Merry will get a super job in | | | | death benefit is $2,771,517! |
| Business, and begin to repay the loan she | | | | |
| borrowed from her Flexible Premium Universal | | | | Five years later, at age 100, Merry commends |
| Life Insurance Plan, with a little help from | | | | her spirit to her Heavenly Father. She |
| good old Mom and Dad. | | | | becomes a guardian angel to her great |
| | | | grandchildren, when she leaves a legacy of |
| With ten years of rigorous ladder climbing | | | | $3,595,193.00, tax-free, to her heirs. (Not |
| under her belt, (and at the tender age of | | | | to mention her La Jolla Estate, a Venezuelan |
| 33), Merry gives in to her fiancé's | | | | Villa and a warehouse full of luxury |
| proposition of marriage and embarks on her | | | | automobiles!) |
| next wonderful adventure, with her new | | | | |
| husband Joselph Manger, (pronounced: Yoself). | | | | The moral of our little story? GET A LIFE!! |
| Her cash value is now a guaranteed | | | | (A life insurance plan, that is, for your |
| $49,826.00, (possibly $90,572.00, based on | | | | little merry child. |