A Great Gift to Give Your Children and Grandchildren
Purchasing life insurance coverage for your children and grandchildren may seem unnecessary to some people but it is a great way to get them started in securing their financial future. Here are the highlights of the products available to children and grandchildren of members:
- Value-Added Whole Life -- permanent insurance for children/grandchildren ages 6 months through 23 years. Coverage from $10,000 to $800,000.
- Generations Plus -- permanent insurance for children ages 15 days through 12 years. Initial Coverage from $10,000 to $30,000 in $5,000 increments. Coverage amount automatically doubles at age 21 with no increase in premiums. Future guaranteed purchase options at ages 21, 25 and 28 with initial policy.
- Level Term I -- term insurance for children/grandchildren ages 18 through 23. Coverage from $50,000 - $800,000. A great low-cost way to get your children started with life insurance. This term policy also has a conversion option to Value-Added Whole Life with guaranteed insurability.
Please contact a Membership Coordinator toll-free at 1-877-398-2263 for more information and an application. They are available from 8:30 am - 7:00 pm, Monday through Friday, Eastern time.
You can also get quotes and apply online 24/7 at www.aafmaa.com.