A Look At Guardian’s Gold Series
The Guardian Life Insurance Company of America recently introduced the Guardian Gold Series — a new generation of life insurance for three generations of people. This new set of policies is expected to meet the needs of just about everyone from parents who want to fund their kids’ education in college and university to youngsters who want to begin on a strong financial foundation early in life. There are also policies for seniors who wish to leave a legacy for their heirs. The company claims that these new policies have been designed to work very efficiently at different stages of life for a variety of economic situations.
That remains to be seen. But what interested me was a policy that goes by the name of Whole Life Paid-Up at age 121. Interesting isn’t it? And the best thing is that it aims to address the needs of people who are living longer than ever before. This policy is issued through age 90 and offers security and tax advantages to the policyholder. This can be an especially good option for early Baby Boomers who may not be able to afford other more costly and unviable options. The L121 policy was designed to be affordable, also giving it great appeal for younger individuals who wish to begin developing their long-term goals and need a plan that suits their goals and budgets.
Then there is an all-purpose policy called Whole Life Paid-Up at age 99. This is for people who may not be young, and are not yet of retirement age. If you take an L99 policy, you’ll be able to maximize long-term performance and get significantly high cash values after 20 years or more. The best thing about the plan is its flexibility. With this policy, you can build and conserve wealth for business continuation plans, estate planning, or even supplement your retirement income.
For those who desire quick cash accumulation, whether it’s accessing cash values to cover the cost of tuition, mortgages, college loans, or other expenses, Whole Life Paid-Up at age 95 maximizes cash values in the early years. Business owners can leverage the value of this asset on the balance sheet, or use it to insure key executives.
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