The holidays are always better when little ones are around. I showered mine with gifts because I knew it would put smiles on their little faces…well all except one gift.


If you have grand children, I want you to know how to protect your little guys… even after you are gone. This is not where you stop reading. This is where you sit up, adjust the font and pay close attention. I bought my grand children life insurance policies for Christmas. Why in the world would I do that? I have 5 VERY good reasons.


1) At ages 4 and 6, they are insurable. That’s right. They are young, healthy, vibrant little lives that cost pennies per day to insure. I had a client lash out at me, “I could never financially benefit from the death of my child”. I’m not asking you to do that. Giving the gift of life insurance while they are young insures they will have coverage at an affordable rate when they are older and have families of their own.


2) You no longer have to die to receive benefits from your life insurance policy. You may want to read that again. I bought my grand children the “new” kind of life insurance. Their policies come with Accelerated Benefit Riders that advance a portion of their death benefit for Chronic, Critical and Terminal Illness. This rider is simply amazing. Medical bills? No problem! The game has changed.


3) I can use their policies as College Savings Plans. I don’t like prepaid tuition plans. Actually, I don’t like to pre-pay anything. The thought of someone else making money on my money doesn’t sit well with me. Besides, I don’t want to limit where the kids can go to school. They may receive a scholarship or they may decide college is not for them. Flexibility is key with me. Contributing extra money over time to the savings account portion of their policies gives them options.


4) I can use their policies to buy them a car, pay for a wedding or a home and to generate retirement income all of which are tax-free. There is no end to what they can use the savings account portion of their policies for. I don’t like custodial accounts. Once a child is no longer a minor (age 18-21 depending upon the state), they gain control of the asset and can spend the money any way they choose. By overfunding their life insurance policies, I decide when to release control of the asset.


5) Legacy. The gift of Life Insurance will keep giving long after I am gone. I have hand written a letter to each of my little guys to read after I am gone. I explain to them how their policies work and why I purchased them when I did. I encourage them to use the money wisely as it can provide for them and future generations if managed properly. My investment of $250/month over 10 years for a 4 year old makes them a millionaire at age 70 and generates over $85,000 per year in tax-free income all while providing access to more than $500,000 in death benefit should they become sick, injured or experience an untimely death.


Life Insurance. Simply the best Christmas present I’ve ever purchased. If you would like to custom design a plan for your grandchildren call me direct at 904.673.6050, PM me or email




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