Do you have clients who want to help their grandchildren get started in life and have the means to help?
Empire Life Kid-Start Program offers your clients a secure and flexible way to invest in their grandchildren's future. Participating whole life insurance can help their grandchildren get a head start for any future financial need like education, buying a new home or starting a business.
Benefits include:
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Can provide your clients with a solution for intergenerational wealth transfer. |
| Great planning strategy for clients with surplus cash. |
| Opens market opportunities for older/ younger ages. |
Check out what's new for Kid-Start at Empire Life:
New Juvenile Rates for Par products
In the Fall of 2016, we launched the new Juvenile Rates for EstateMax and Optimax Wealth for life insureds issue ages 0 – 17. Juvenile rates are a blended rate so the life insured gets the benefit of reduced rates at issue with no need to apply to convert to non-smoker rates at age 18.
Reduced Issue Limits for Juveniles for Par products
We reduced the minimum issue limits for Juvenile life insured’s (ages 0 – 17) from $25,000 to $10,000 for our EstateMax and Optimax Wealth products.
Annuity Funded Life Insurance
Your clients can use a Term Certain annuity to pre-fund the purchase of a 20 pay participating life insurance policy for juveniles. Check out the launch of the Annuity Funded Life Insurance concept software on AddCalc to help illustrate the advantages of using this concept.
Click 'visit empire.ca/kid-start' to see all related marketing materials in one place, including sample contracts and case studies.