Skip to main content

Here in Hanover

Sponsored Content

Holiday Gift Idea for Grandparents

Nov 03, 2014 03:42AM, Published by Family Features, Categories: Family Features, Family Features Lifestyle



(Family Features) Tired of purchasing toys that break or that her grandchildren will outgrow, 62-year-old Barbara Carlson* decided the holidays were a perfect time to purchase a gift that will continue to protect both of her grandchildren well into their futures.

“I just became a grandmother for the second time, and I bought a permanent youth life insurance policy for my new granddaughter that could either one day help protect her financially if the unexpected happens or help her pay for college,” said Carlson.

She is not alone. Grandparents are increasingly giving the gift of life insurance to their grandchildren for many reasons. For Carlson, it was a way of helping her son and daughter-in-law during a time when budgets are tight. She purchased the two youth whole life insurance policies so the new parents could focus on more immediate concerns, such as increased childcare expenses and other necessities.

“I bought both youth policies when the grandchildren were newborns and their policies will mature in 20 years,” added Carlson. “That means when my grandchildren reach age 20, they can either keep their policy as life insurance protection or they may decide to borrow against the cash value to help pay for college.”

Carlson pays approximately $15 a month for each child’s policy and those premium payments never increase. Her son maintains sole control of the policies until her grandchildren reach the age of 16, with some restrictions.

Three Tips for Purchasing Youth Life Insurance

1. Consider youth policies that are whole life policies. Whole life youth policies are a form of permanent life insurance. That means the child continues to be insured, regardless of changes in her or his health condition, as long as the policy remains in force and the premiums are paid. The premium payments are guaranteed and never increase.

2. Purchase youth life insurance at younger ages. While many organizations offer youth life insurance up to age 18, typically the earlier you purchase the policy, the less expensive it is over the coverage period.

3. Different life insurance organizations offer additional child-friendly benefits. In addition to offering youth life policies, life insurers such as not-for-profit insurer Royal Neighbors of America, also offers its members benefits which currently include scholarship opportunities that can help fund the costs of a college education.

For more information on life insurance products or member benefits such as scholarships, log on to www.royalneighbors.org or call (866) 845-6665.

* Details have been altered to ensure personal privacy.

Photo courtesy of Getty Images

Sponsored by Royal Neighbors


Like what you're reading? Subscribe to Here in Hanover's free newsletter to catch every headline



Family Features Family Features Lifestyle


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Creative Lives Summer CAMPS

    07/26/2017
    09:00AM — 04:30PM

    Creative LIves Summer Camps help children thrive in mind, body and creative spirit! We will be wo...


  • Hope and Hazard: A Comedy of Eros

    07/26/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a group exhibition curated by American artist Eric...


  • David Shrigley

    07/26/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a solo exhibition of work by British artist David ...


  • Ready. Fire! Aim.

    07/26/2017
    11:00AM — 05:00PM

    Ready. Fire! Aim. is a joint exhibition that will take place at the Hall Art Foundation in Readin...


  • Hanover's Farmers Market

    07/26/2017
    03:00PM — 06:00PM

    Wednesdays 3 - 6 p.m. beginning June 7 The Hanover Area Farmers Market will open on Wednesday...


  • Wing Wednesday

    07/26/2017
    04:00PM — 10:00PM

    Join us for Wing Wednesday every week. 50 Cent wings from 4pm until close! (Minimum order 6 w...


  • The Drowsy Chaperone

    07/26/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • The Drowsy Chaperone

    07/26/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Creative Lives Summer CAMPS

    07/27/2017
    09:00AM — 04:30PM

    Creative LIves Summer Camps help children thrive in mind, body and creative spirit! We will be wo...


  • All Night Happy Hour

    07/27/2017
    04:00PM — 10:00PM

    Our Happy Hour Specials are available ALL NIGHT on Thursdays, starting at 4:00 PM. Discounted...


  • Walden Chamber Players

    07/27/2017
    07:30PM — 09:30PM

    Compositions by Bax, Saint-Saens, Debussy, Ravel, and Jongen. Marianne Gedigian, Flute; Diana ...


  • The Drowsy Chaperone

    07/27/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • The Drowsy Chaperone

    07/27/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Creative Lives Summer CAMPS

    07/28/2017
    09:00AM — 04:30PM

    Creative LIves Summer Camps help children thrive in mind, body and creative spirit! We will be wo...


  • Rent a Poet

    07/28/2017
    02:00PM — 02:40PM

    Benjamin Aleshire comes to Bookstock fresh from a few weeks in Paris, where he's been making his ...


  • Prime Rib Friday

    07/28/2017
    04:00PM — 11:00PM

    Every Friday. 12oz prime rib served with maple parsnips, grilled asparagus and a baked potato & h...


  • The Drowsy Chaperone

    07/28/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • The Drowsy Chaperone

    07/28/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Hope and Hazard: A Comedy of Eros

    07/29/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a group exhibition curated by American artist Eric...


  • David Shrigley

    07/29/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a solo exhibition of work by British artist David ...


  • Ready. Fire! Aim.

    07/29/2017
    11:00AM — 05:00PM

    Ready. Fire! Aim. is a joint exhibition that will take place at the Hall Art Foundation in Readin...


  • That Takes the Cake: Divine Decoration

    07/29/2017
    01:00PM — 05:00PM

    Learn the techniques you need to design and decorate festive cakes for any occasion. Bring your i...


  • Heritage Pro Am Benefit Polo Match

    07/29/2017
    01:00PM — 04:00PM

    Canaan, NH July 13, 2017: On July 29th at Switch Rd Polo field in Canaan NH, former US Open winne...


  • Heritage Pro Am Benefit Polo Match

    07/29/2017
    01:00PM — 04:00PM

    Canaan, NH July 13, 2017: On July 29th at Switch Rd Polo field in Canaan NH, former US Open winne...


  • Lettvin Chamber Music Series

    07/29/2017
    07:30PM — 09:30PM

    Dates: Friday, July 28; Artists - Anastasia Antonacos (piano) and Patrick Doane (violin) Saturd...


  • It’s “Another openin’, another show!” as Cole Porter’s luscious score fills this raucous romp abo...


  • It’s “Another openin’, another show!” as Cole Porter’s luscious score fills this raucous romp abo...


  • The Drowsy Chaperone

    07/29/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • The Drowsy Chaperone

    07/29/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Hope and Hazard: A Comedy of Eros

    07/30/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a group exhibition curated by American artist Eric...


  • David Shrigley

    07/30/2017
    11:00AM — 05:00PM

    The Hall Art Foundation is pleased to announce a solo exhibition of work by British artist David ...


  • Ready. Fire! Aim.

    07/30/2017
    11:00AM — 05:00PM

    Ready. Fire! Aim. is a joint exhibition that will take place at the Hall Art Foundation in Readin...


  • 2017 HARPOON BREWERY BBQ FESTIVAL

    07/30/2017
    11:00AM — 07:00PM

    We're celebrating summer the best way we know how - with beer, friends, live music, and some of t...


  • The Drowsy Chaperone

    07/30/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • The Drowsy Chaperone

    07/30/2017
    07:30PM — 09:30PM

    Performed by Northern Stage Youth Ages 12-18 Music & Lyrics by Lisa Lambert and Greg Morrison B...


  • This exhibition at Hood Downtown, 53 Main Street, Hanover, will be on view from June 9 through Au...


  • Creative Lives Summer CAMPS

    07/31/2017
    09:00AM — 04:30PM

    Creative LIves Summer Camps help children thrive in mind, body and creative spirit! We will be wo...


  • Kids' Night!

    07/31/2017
    04:00PM — 10:00PM

    Monday is family night at the Latham House Tavern - Every Monday kids 12 & under eat for ½ off! A...


  • Woodblock Printing

    07/31/2017
    06:00PM — 09:00PM

    This basic introduction to woodcut printing will use both wood blocks and soft-cut linoleum block...


  • Stoaked Trail Run

    08/05/2017
    09:00AM — 12:00PM

    The STOAKED trail race is the 6th race in the Western New Hampshire Trail Running Series! It take...


 

 


PROUDLY BROUGHT TO YOU BY THESE COMMUNITY SPONSORS


Northcape Design Build
Hanover Inn at Dartmouth
Ultimate Bath Store

Sean's Lawn N' Garden Services
Cabinetry Concepts
New London Inn & Coach House Restaurant