As families prepare for the school year ahead, most checklists focus on pencils, new shoes and sports schedules. But September is an ideal time to think about something that lasts far longer than the latest fashion craze: your child’s financial future.
“Juvenile life insurance is a gift that grows with them – it’s peace of mind today and opportunity for tomorrow,” says Farmers Insurance agent, Angela Donaldson from the Kevin Hauglie Agency in Fall City.
A measurable step in securing their future
- Enables low rates while children are young and healthy
- Builds cash value for future needs such as college, a first home or starting a business
- Provides lifelong coverage even if their health changes later
“One of the most rewarding parts of my job is helping families create a legacy for their children and grandchildren,” Donaldson adds. “These policies offer low rates for long-term security and the policy holder decides when the policy is transferred. That flexibility means you remain in control until the timing feels right.”
Juvenile life insurance isn’t just about protection – it can also provide financial tools for the future.
“As long as premiums are maintained, the cash value is accessed to help with tuition, buy a home, or to launch a business,” Donaldson explains. “It’s also a safe and structured way to set aside money for your child’s future. And down the road, that policy can even be leveraged as collateral for investment opportunities.”
Your back-to-school checklist for their future:
- Review your life insurance, its location, beneficiaries and who to contact if something happens to you
- Assess what tools you have in place to help financially support your child’s future Compare juvenile life insurance options tailored to your family
- Start small – policies can cost as little as $30 per month
Much like the first day of school marks the beginning of a learning journey, securing juvenile life insurance is the start of a lifelong financial plan. This September, as you check off your child’s back-to-school list, consider adding a policy to their ‘future checklist.’ It’s a simple step today that can mean a lifetime of security tomorrow.
To learn more about how these policies work, or to explore whether it might be a fit for your family, connect with the team at the Kevin Hauglie Agency at 425-222-5881 or visit agents.farmers.com.
