Grandparents Can Give a Gift for Life this Holiday Season
Talk with your clients who want to give something truly meaningful to their grandchildren.
Do you have grandparent clients who:
- Have savings in the bank, CDs or other accounts that are taxable?
- Are nearing (or at) age 72 that need to take RMDs and have assets that aren’t needed for their own retirement?
Show them how gifting life insurance to their grandkids can help set up the future generation for financial stability and security. If sufficiently funded, their grandchild could access their policy values through loans and withdrawals1 to:
- Help pay education costs.
- Help pay for a wedding.
- Provide a down payment on a first home.
- The policy death benefit can even be accelerated through optional riders to use in the event of a qualifying illness.2