JUMPING JUVENILE PROGRAM

Give Your Child or Grandchild a Gift of Lifetime Protection, Cash Value Savings, Dividends and a Cash Starter Bonus for Education or Student Loans

Guarantee Your Child’s Future. We all concentrate upon the future when our children are young. We want to do whatever is possible to improve our children’s opportunities: College…a career…a home. THE PROVIDENCE JUMPING JUVENILE PLANS are an easy way to give your child a powerful head start!

About $170 Per Year.  For what you would spend on a toy, computer game, or electronic “amusement”, you can give your child or grandchild a Gift of Love from The Providence Association. Unlike toys, however, this Plan (a 20 Year Endowment Cash Value Policy that Converts into a Permanent Whole Life Cash Value Policy) will help your child or grandchild all life long.

Jumping Juvenile Gold-Level Permanent Insurance Plan. This plan initially purchases a $5,000.00 20 Year Endowment Life Insurance Policy in the face amount of $5,000.00. In twenty years this policy endows in the then obtaining face amount (as it might have increased through dividends) and creates a lump sum of cash that constitutes more than a 46% gain on the invested premiums. The Gold level plan would then use the available monies to acquire a Single Pay Permanent (Whole) Life Insurance Plan in the a face amount, ranging between at least $35,000.00 and $48,000.00, depending upon the child’s sex and age when coverage was first acquired*. Accumulated dividends would push these values still higher.

The coverage protects your dear one and his or her family forever. The policy also builds cash value: That is money that your precious one can leave in place for future tax-free growth or against which he can borrow at any time. Your child or grandchild can even turn the policy in and get back all of the premiums paid, plus more.

 That is correct, within a few years after the Single Premium Policy is purchased, your child’s or grandchild’s cash value will equal at least the amount of the premiums paid. It will then continue to grow without the need for any additional premiums.

Jumping Juvenile Silver-Level Insurance Cash Bonus Plan. This plan also initially purchases a $5,000.00 endowment policy for your youngster. After the twenty year payment period expires, however, the silver plan will purchase a Single Premium paid up policy in the amount of $25,000.00* and will pay the cash balance of between $1,500.00 and $2,500.00 to the policy owner. Accumulated dividends will enhance this payment. 

Turn Less than $170 per Week into Valuable Cash and Cash Value Permanent Insurance. When you buy a toy or a game, you never know if it will be treasured or end up at the bottom of the toy box, or in a trash can. Compare that to giving a Gift of Love from Providence: Pave your child’s or grandchild’s way into the future. When your loved one is old enough to understand your consideration, his or her gratitude and admiration will truly last a life time and will protect future generations of your family.

Scholarship. Purchase at least $5,000 of coverage in order to qualify your loved one for up to $5,000.00 in scholarship monies for higher education

Other Face Value and Cash Bonus Amounts Available. Depending upon your family budget, you are free to select more or less than the suggested amounts of coverage. Providence can also adjust the amount of the cash bonus to suite your love one’s needs.

Dividends. What is more, the Jumping Juvenile Plans will pay regular dividends during the 20 year endowment period. Although the actual amounts of these dividends cannot be accurately calculated, there can be but little doubt that they will significantly enhance the policy’s cash and face values. The dividends can even be taken in cash, if need be.

*At the time the Single premium policy is acquired, your loved one will again have to show insurability.