What Kind Of Life Insurance Is Grow-Up In Long Beach California
Reader question: “What kind of Life insurance is “grow-up” in Long Beach, California.
Long Beach, is located in southern California on the pacific coast.
The port of Long Beach is one of the world’s largest shipping ports and the city also has a large oil industry; oil is found found both underground an offshore. Long Beach is the first city in California to join the “EcoZone” Program, intended to improve environmental conditions through public-private partnerships. Long Beach is known for its street art.
Answer: Randy, thank for asking:
Grow-Up life insurance is $5,000 whole life, cash value insurance you own until your child or grandchild becomes the policy owner during the year he or she turns 21. During that age, the insurance amount automatically doubles to $10,000 with no change in premium.
Grow-Up insurance provides for the future because regardless of poor health or anything else that could make another company refuse coverage, during the ages of 21 and 28 your child or grandchild can buy additional coverage at a standard premium- providing up to $50,000 total coverage
I hope this explain it clearly for you.
Category: Long Beach
