Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE

Browse a variety of insurance options in order to find the right one for you.

Read More
Motorcycle Insurance MOTORCYCLE

Learn about different motorcycle coverage options that fit your specific needs.

Read More
Boat Insurance BOAT

Finding insurance doesn't have to be difficult. We do the work for you.

Read More

college kids talking - insurance from EW Smith Agency

It’s that time of year again…. kids are heading off to college.  Some across the street…and some across the country.  The thought of diving into the next chapter of life can be exciting.  The thought of paying the tuition bill can be frightening!

Perhaps your child was able to secure some scholarship money.  Good for them!  Perhaps you were able to save for college with a 529 or other education account.  Good for you!  Perhaps you and your child will have to pay all the costs out of pocket.  Even with a scholarship and 529 savings, most families still need to pay some costs out of pocket.  Tuition, books, technology, transportation, food, and lodging add up fast.

There are many options out there to fund your child’s college costs.  Often, the parent takes out a private loan, co-signs for a loan with the child, or opts for a parent plus loan from the government.  We do what we must to secure their future, right?

What we often don’t consider is what if, God forbid, something happens to our child before the loans are paid off?  Let’s face it, no parent ever wants to let a thought such as this enter their mind.  As awful as it wouldbe to experience such a loss, imagine the second blow… the moment you realize you are still responsible for the balance of the loans!

 So, how can we protect our investment?  I have found that purchasing a life policy on the child is a very affordable way.  For about $120 a year we can write a $100,000 20-year term policy (guaranteed to be renewable) on a young adult.  If we write your home and auto, the life multi policy discount often pays for the policy itself!  I have even sent refund checks back to clients because the life discount more than pays for the life policy!  Why would you pass up the opportunity to protect the enormous investment you are making in your child’s future?

Unlike credit life purchased from a lender at the time of a loan, a life policy pays the face amount, not just the loan balance, at claim time.  By purchasing a policy now you are protecting your investment and guaranteeing your child will have a policy for their future loved ones.  Things can change on a dime, and if your child develops health problems they may not qualify or may not be able to afford a life policy later in life.

 Please do not pass up this opportunity.  A life policy is a gift to both yourself and your child.  Aren’t you both worth $10 a month?  Please give our office at call at 734-284-4141 from anywhere in Michigan.  One of us can get you a no obligation quote in just minutes!

Click here to get started with a life quote. 

Kathy Mosher of EW Smith Agencyby Kathy Mosher, EW Smith Agent


*Photo courtesy of nenetus at free digital photos.net 
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder