| Q: |
Do
parents really need life insurance for their children, even if
they are still young? |
| A: |
Yes!
A serious illness or accident could make life insurance very
expensive, even unavailable, for your children when they are
adults. |
| |
|
| Q: |
What
kind of insurance is the Young American Plan? |
| A: |
The
Globe Young American Plan is a whole life insurance policy. The
policy is good for a lifetime, regardless of future age, health,
military service or hazardous occupation. |
| |
|
| Q: |
Once
the Young American Plan is issued, and the premiums are paid on
time, can the policy ever be canceled, for any reason? |
| A: |
No.
The company can never cancel the policy for any reason other than
failure to pay the premiums. |
| |
|
| Q: |
Can
a grandparent apply for a Young American Plan for their
grandchildren? |
| A: |
Absolutely.
A child's parent, grandparent or legal guardian can be the
policyholder.
|
| Q: |
It
only costs $1 to start -- what happens after that? |
| A: |
After
the introductory period, the rates are based on your child's age.
This rate is then locked in for life. It will never increase for
any reason. You will continue to pay the same rate 10, 20, even 30
years from now. |
| Q: |
How
much paperwork will I have to fill out to apply for coverage? |
| A: |
Hardly
any, it's easy. There is a short application, with a few yes or no
health questions, no physical exams are required. |
| |
|
| Q: |
How
long has Globe Life been selling the Young American Plan? |
| A: |
Globe
has been selling the Young American Plan since 1964. Since then,
millions of policies have been issued. |
| |
|
| Q: |
Will
I have to take a medical exam or go see a doctor to qualify for
coverage? |
| A: |
No
medical exams are required to qualify and no doctor's visits are
necessary. All you have to do is answer a few short health
questions on the application. |
| |
|
| Q: |
When
will my coverage begin? |
| A: |
With the
Young American plan, your child is covered from the very first day
the application is approved. There are no waiting periods.
|
