Life insurance: The ultimate stocking stuffer?

By Higginbotham on December 10 , 2014

iStock_Life Insurance Gift

The holiday season always seems to bring out the best in people. It’s a time of year when many of us feel a special connection to family, friends and loved ones, and a tug at our hearts to be more giving.

Unfortunately, it’s also a time of year that can easily get cluttered with shopping, crowds and the stress of finding just the right gift for that special someone.

This year, why not consider giving a gift you can’t put a price tag on? That gift is peace of mind.

The gift that will last a lifetime

Life insurance policies may not be a hot topic around the holiday dinner table, and they definitely don’t have the same “wow” factor as a new iPad. But a policy is actually a great gift idea – for spouses, children or grandchildren. And unlike many other gifts, this one won’t be lost, broken or forgotten before New Year’s.

Roughly 65 percent of consumers admit that life insurance is something they need, according to the 2014 Insurance Barometer Study by nonprofit Life Happens and the insurance industry research group LIMRA.

Giving the gift of insurance to loved ones is also a great way to get them started on a solid financial plan. According to, 20 percent of Americans’ long-term savings come from life insurance, including annuities and permanent life insurance.

Still not convinced? Here are four more reasons why a policy could be the ultimate stocking stuffer:

  1. Lifetime financial protection and security: For children or young adults, a life policy can provide them with the ongoing peace of mind that comes with knowing they have a safety net. And since premiums are based on age, the earlier in their life you buy, the less you pay.
  2. Growth potential. For every year premiums are paid on permanent life insurance, the cash value in the policy grows. That means if you buy a life policy for young adults, they can eventually access the cash value through loans to fund their child’s education or to supplement their income in retirement.
  3. Tax benefits. The cash value in a whole life policy grows on a tax-deferred basis – and that value can add up over time.
  4. Future insurability. A life insurance policy can’t be canceled as long as the premiums are paid. And with many life policies, you have a policy purchase option, so your child may be able to buy more coverage in the future, regardless of his or her health.

It's easy to understand the importance of planning for the future of our families and loved ones. Life insurance can provide them and everyone who depends on them the peace of mind that comes with financial security. And that could be the best gift you’ve ever given.

When you’re ready to put together the perfect stocking stuffer for your loved ones, talk to the experts at Higginbotham Insurance. We’ll help make sure the gift they open on Christmas morning will provide a lifetime of financial peace.


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Tags: Individual Life & Health


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