The Best Christmas Gift for Your Grandchild

Children all across Texas are wondering what Santa will bring this year. They dream of toys or the latest electronics, while parents run around trying to cover everyone on their list. But what if the best gift you could get couldn’t be found in a store, but in an insurance policy? That may not sound like the stuff of dreams, but in the long run, it could prove to be much more meaningful than those flashy material goods typically associated with Christmas morning.

Bright Futures

“I definitely recommend life insurance as a gift,” says Justin Rust, a Texas Farm Bureau Insurance Agent in College Station. “We see it more and more, especially with grandparents getting a policy for a grandkid.”

It’s not just about getting a policy in case tragedy strikes. The cash accumulation from locking in a policy early in life can provide a young person with a stable foundation when they get started in the adult world. “The younger you are when you get your life policy, the better the rates are going to be,” Rust says.

One of the greatest advantages is that it guarantees the child’s insurability. If they were to be diagnosed with a condition like diabetes or asthma as they grew older, their rate would still remain permanently locked in.

“It’s never too early to get started. That’s what I try to emphasize to all of my clients,” says Russell Beauchamp, a Texas Farm Bureau Insurance Agent in Beeville. “What better gift to give your family than to make sure that they are protected?”

Safety Nets

Of course, it’s not just children who could benefit from life insurance. Purchasing a policy to provide for a spouse or other loved one is like reinforcing a lifelong commitment to take care of someone forever. Whether it’s easing the burden of covering final expenses, providing a more comfortable retirement, or giving a family security, the gesture provides a safety net for the recipient.

When Beauchamp was just starting his family, his father pulled him aside and said he had something to give him. It was a life insurance policy.

The amount wasn’t big, but it was paid for, and would cover his final expenses should tragedy strike. It was also something he could borrow from or even cash out should the need arise.

“The older I’ve gotten, the more I’ve come to appreciate what my dad did for me,” Beauchamp says. “Thinking back on my dad’s life, that’s one of the most wonderful things he could have ever done for me. It’s just a loving, caring thing for a parent to do.”

Wondering how to wrap this gift? Taking out a policy for a loved one is a simple process that your Texas Farm Bureau Insurance Agent can easily walk you through. If you are purchasing a policy for a child, you will initially retain ownership. However, the process for transferring ownership to the child down the road is also a simple one that only requires a little paperwork.

Call your Texas Farm Bureau Insurance Agent today to get coverage for the ones you love.

Coverage and discounts are subject to qualifications and policy terms and may vary by situation. Life insurance products are offered through Southern Farm Bureau Insurance Company.