[The Brazil Times nameplate] Fair ~ 37°F  
High: 42°F
Thursday, Jan. 29, 2015

Give the grandchild LifeBanking

Thursday, December 13, 2007

When you are trying to choose just the right gift for your grandchildren, you can have a tough time sifting through the newest trends and fads.

Last week, it was this pop star, and next week, it may be a new cartoon character.

On top of that, you don't want to get something that won't last 10 minutes out of the package.

One gift that will last for many years is a life insurance policy.

There are many reasons why it can be an excellent gift for your grandchild, including:

* Affordability. The younger the child's age, the lower the premiums,

* Protection. Illness or injury may affect a child's ability to purchase life insurance coverage later in life.

Coverage purchased now will continue to provide protection, even if a child's health changes, provided premiums are paid as required by the policy, and

* Financial Security. Life insurance can be the foundation for a strong financial plan.

The child may be able to borrow against the accumulated cash value (with interest charged) to pay for future expenses.

While loans decrease death benefits and cash surrender values, the proceeds can be used for important expenses such as a college education or the purchase of a home.

Giving the gift of life insurance to your grandchild can be one of the most significant things you do during your lifetime.

He or she may not understand at the time how important the gift is, but should grow to appreciate it in the future.

Take the guesswork out of your shopping. Life insurance is a gift that will last a lifetime.

The Internet has revolutionized the way we research, communicate, and shop -- and now it's changing the way we bank.

Consumers now have the opportunity to perform banking functions online.

Some virtual banks offer customers everything a traditional bank provides, such as checking and savings accounts, as well as certificates of deposit and money market accounts, at very competitive rates.

What else can online banks provide?

Besides providing basic deposit products, online banks now allow you to check your balance, transfer funds and even pay your bills from the privacy and comfort of your own home.

Some banks even reimburse you for ATM charges.

What should I look for in an online bank? Because security and privacy are such important issues on the Internet, if you are going to bank online, you need to know and trust your bank.

Make sure your online bank gives you the option to talk with a person if you have questions about your accounts.

Meanwhile, here are some additional questions to ask yourself:

* Are you comfortable with banking online? Do you feel you are, or would like to become, Internet savvy and do you enjoy the options of self-service and customer service the Internet can provide?

* What kinds of services do you want and need? Will your online bank be able to provide those services?

* Do you want to centralize your financial activity?

Companies are now handling a wide range of services.

You can handle your banking and insurance needs all at one online location.

Banking online provides a convenient alternative to traditional banking.

If you are ready to bank online, find a bank that best suits your needs