As we all know, one of the most romantic aspects of any long-term relationship is choosing a joint life insurance policy. In fact, it’s not uncommon for many couples to forego the beach and spend the majority of their honeymoon playfully comparing riders and premiums. Okay maybe not…
But once you do take the plunge and choose a joint policy, don’t just throw it in your drawer to collect dust! Smart couples know there are life insurance perks that they can take advantage of throughout their entire lives.
Skeptical? Grab your sweetheart and a bottle of wine as we take a peek into your potential future. Cue the dream sequence harp music!
Teaming up with your spouse to get one joint life insurance policy, instead of two individual policies, will almost certainly save you money on your monthly premiums!
Finding affordable activities for a young family can often be a challenge! But one inexpensive option that we often overlook is volunteering. Volunteering as a family is a fun and rewarding way to spend quality time together while also helping your community prosper.
Once you have your insurance policy with Foresters Financial™ you’ll be invited to join us at fun volunteer events to help give back to your community.
You can also take advantage of our Foresters Community Grants program, which allows you to apply for a financial grant to plan a fun activity for your community and support a cause you’re passionate about along with other Foresters members!
As you and your spouse move into middle-age, you may discover that you’ve become part of the dreaded “sandwich” generation – couples who find themselves supporting their children and their aging parents as well.
But not too worry, one of the main benefits of life insurance is that it provides financial protection for all the family members you are currently supporting. And as your circumstances change, you can continue to update your beneficiaries.
Tuition costs can be a source of stress for even the most well-to-do families. Luckily, another perk of your life insurance policy with Foresters is that your children will be able to apply for one of our Competitive Scholarships.
Each of the 250 renewable scholarships available can be worth up to $8,000 for four years. The scholarship can be used for many kinds of post-secondary education including; trade schools, colleges and universities.
One of the main requirements for winning a Foresters Competitive Scholarship is community service, so this is another great reason to apply for a Foresters Community Grant!
Did you know that having the right life insurance policy can actually increase the amount of money you’ll be able to leave behind to your children?
Normally when you leave an inheritance to your children that money must first be taxed. And if you are leaving any debt behind, creditors might also get first crack at your nest egg.
One way to avoid these types of issues is to take the money you are planning to leave your children and use it to purchase a Non-Par Whole Life policy with your partner. Then after you have both passed away, your children will receive the value of the life insurance policy tax free.
Plus if your policy has increased in value over its term, they will get to keep that extra money as well.
414878 CAN (03/17)