Bob: Back on the Blend this morning is Pat Brown from the Holt Dimondale Insurance Agency. Pat, it’s always good to see ya.
Pat: Bob. it’s always good to see you.
Bob: I want to talk to you about maybe some special gift if you’re a grandparent or a great grandparent, you might be able to pass along and give to grandchildren.
Pat: Life Insurance is a great gift that grandparents or great grandparents can purchase for their for their grandchildren, ensuring some protection at their early age. I know growing up as a family, we sometimes put those things on the back burner until it might be too late and, and then it becomes too expensive and we don’t do it, but at an early age the rates are extremely low. There are guaranteed options that these children can as they’re in special times in their life, can increase the insurance without having an Evidence of Insurability, and it gives them the opportunity to get started.
An example our family we have 12 grandchildren, and between my father and I, before he passed, we’ve made sure that those 12 grandchildren and great-grandchildren, all have life insurance on themselves. And just think of it, they’re building cash value. The parents are the owners, grandparents are the payers, and all the policies are less than $100 a year. It’s incredible.
Bob: and so why do you think that it’s important to include life insurance as part of your insurance portfolio?
Pat: You know, we call it in the insurance industry, a H.U.L.A, you’ve heard of the hula hoop, this is Home, Umbrella, Life, and Auto. The home umbrella and auto, you know you pay a premium we pay for a claim that’s what that’s what insurance is about. Well, three of those are, you know, we’re taking a risk. Life is guaranteed that something is going to happen, and life insurance is taking a bad rap, because it’s ‘oh my goodness it’s only a death benefit…” it is not. It can be a living benefit it can build cash values. There’s so many options that you can put within there, based upon your financial responsibilities. And if you, you know you can go home life you can go terms you can add things on to it, to give that total protection. And it’s so important to think about that I know sometimes people think it’s very, very expensive but you know it is for me because I pick up some of these ones later in life, it gets very expensive. Yeah, it is. But it’s prime stuff to have.
Bob: Do you sell it at Holt Dimondale Agency?
Pat: Well, yes we do Bob, and I would be more than happy to write out a proposal for anyone. Give me a call because proposals don’t cost anything and then you have an overview and you know really is not as bad as you think. And it will be something there forever. You can stop anytime you want. But if it’s something that you should have before it becomes too late.