DID YOU KNOW... Did you know. . . that obtaining life insurance while you are young and healthy is very important for reasons other than paying for final expenses? Young people enter obligations such as buying a new home and starting a family. These new obligations need to be protected in the event that you are no longer there to take care of matters. Life insurance can help your family maintain its standard of living. Obtaining life insurance while you are young and healthy also makes the process of applying for life insurance much smoother. Underwriting classes are based on the health of the individual. A healthy individual will often qualify for better underwriting classes, which equals better insurance rates. Rates are often less costly if insurance is obtained at an early age. The following illustration demonstrates sample annual rates for a male standard non-smoker who wishes to purchase a universal life insurance policy with a face amount of $100,000: 20 years old = $339.33 30 years old = $501.56 40 years old = $783.83 50 years old = $1198.84 60 years old = $1896.88 As one grows older, he may come to realize that there is no longer a need for the life insurance policy that was purchased at an early age. This policy may be transferred to family members in order to maintain the estate or to an Irrevocable Life Insurance Trust in order to pay estate taxes. Such a policy can also be transferred to the Sigma Nu Educational Foundation where the donor will not only be entitled to a tax-deduction but also will become a member of the Yates Legacy Society. Owning a life insurance policy is one way you can protect your family and their standard of living or provide for estate taxes upon your death. If you haven't already secured a policy, it would be wise to consider the options today while you are still able to secure the benefits of lower annual rates.