Barbara Hohner
(250) 860-6403 X 2259
Sun Life Financial
2139 Springfield Road
Kelowna, British Columbia
V1Y 7X1
Insurance is an important part of your child's future
As you weigh the pros and cons of buying life and health insurance for your child, think of how it can help protect their future. It’s a great way to leave a legacy for those you love.
Give the gift of future insurability
The guaranteed insurability benefit allows you to buy more life insurance for your child in the future no matter what your child’s future health, occupation or lifestyle may be. This ensures your child will have access to additional insurance, even if they become uninsurable later in life. With some policies, the guaranteed insurability benefit enables you to buy up to $150,000 of additional insurance, without health being a factor.
Your child’s career, hobbies and adventures could make them ineligible for insurance.
If your child decides to race motorcycles, takes up skydiving or scuba diving or becomes a pilot, some insurers may consider him or her a higher risk. However, if the policy you buy for your child has a guaranteed insurability benefit, your child won't be penalized for being adventurous.
Permanent life insurance policies build a cash value for future opportunities.
A permanent life insurance policy is a great way to start a financial program and have a safety net. Premiums you pay into a permanent life insurance policy can build equity in the form of cash value. Parents can make the policy’s cash value available to their child for education purposes or as an emergency fund.
What if the unthinkable happens?
We don’t want to think that anything will happen to our children, but if your child becomes seriously ill it can affect the whole family. In addition to the emotional impact, a serious illness can put your family’s financial plan at risk as you focus on recovery.
Critical illness insurance pays a lump sum benefit if your child is diagnosed with a covered illness and survives a waiting period. This benefit can help you:
Take time off work to care for your child Access expert medical information through Best Doctors services Cover transportation or accommodation costs if you need to travel for treatment
As a Sun Life Financial advisor, I can help you find insurance protection that meets your needs and budget. I’m here to answer your questions and provide the information you need to help you make an informed decision. Call me at (250) 860-6403 ext 2259 or visit my web page at
www.sunlife.ca/barbara.hohner to learn more about how I can help you achieve your financial goals.
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