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Life Insurance Made Simple: Protecting Your Kids' Education

Published: May 2016

Video Transcript

LIVE ACTION SEGMENT — ACTOR PLAYED

A young couple looks adoringly into a crib, glowing with pride.

Megan: He looks like a little lawyer.

Eric: He's definitely got a Nobel Peace Prize, or two, in him.

Megan looks more intently into the crib.

Megan: Maybe… a renowned physicist…?

Megan: School is going to be expensive.

This reality hits Eric.

Eric: Yeah…

Megan: How's this baby going to afford college if something happens to one of us… school is not cheap.

Eric: Undergrad loans, Graduate loans… PhD loans.

Megan: We can't let our little Nobel Peace prize-winning PhD astronaut start his career in debt.

Eric: Don't worry, honey, I have a solution.

Eric reaches in his back pocket and holds up a fistfull of lottery tickets. Megan looks at the lottery tickets and then back to the crib.

Megan: (Looking into the crib) Well, it's obvious he didn't get his Ph.D. brain from you.


ANIMATION SEGMENT — Segue in from live action open

Junior's education is worth more than a gamble. That dream has to be protected—especially if Eric should pass away before he and Megan can save enough to pay for it like they want to. Life insurance can provide the protection their kids deserve.

For example, since they have a newborn and a 3-year-old, they could buy a 20-year Term life insurance policy that would pay a death benefit of $400,000. This can help ensure both kids' have money for a college education.

Term life insurance is the least expensive coverage Eric can buy because it provides shorter-term protection. As an alternative, Permanent insurance, like whole life or universal life insurance, can guarantee protection for his entire lifetime and also build cash value that can be borrowed or withdrawn.

So they can help protect their kids' dreams for college if Eric dies, while providing access to cash value that can help pay for college if he doesn't.


LIVE ACTION SEGMENT — ACTOR PLAYED

Resolution:

Eric: Ok, maybe life insurance is a better idea.

The baby's little hand reaches up and gives the thumbs up. The expressions of Megan and Eric change from surprise to agreement


End Frame:

Protect your children's future. Contact your local Allstate Agency today.


Disclosure:

Loans or partial withdrawals can reduce the policy's cash value and death benefit, can increase the possibility of policy lapse and may result in a tax liability. Consult a tax advisor for additional information on the tax treatment of loans or withdrawals from a life insurance policy.

Subject to terms, conditions and availability. Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; Lincoln Benefit Life Co., 1221 N St. Ste 200, Lincoln NE 68508; AmErican Heritage Life Ins. Co., 1776 AmErican Heritage Life Dr., Jacksonville FL 32224. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge NY.

© 2016 Allstate Insurance Co.

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Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; Lincoln Benefit Life Co., 1221 N St. Ste 200, Lincoln NE 68508; American Heritage Life Ins. Co., 1776 American Heritage Life Dr., Jacksonville FL 32224. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge NY.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th Street, Lincoln, NE 68506. (877) 525-5727. Check the background of this firm on FINRA's BrokerCheck website.
ECC Monitor: OK