Written by Thomas Crowley
senior advisor to W.H. Steiner
As a grandparent, you see your grandchildren from a different perspective. They are beautiful, precious, and hold a special place in your heart. You are there for their first birthday. You revel in their first words and first steps, first day of school, first recitals or sports games, and about everything in- between. You would do anything to ensure their success both now and in the future. How could you ever give them something that would be a lasting memory of your love, even after you are gone.
What if they needed money for their education, to buy their first house, or God forbid for a serious illness? Many times, these life needs even occur after we are gone. But what if there was a way to plan to help when these events occur? The good news is that there is a little known, but highly effective financial tool that could be the answer to all these situations.
The answer is an Indexed Universal Life (IUL) policy. “What? A life insurance policy for a child”. Yes, because an IUL is a savings program, a wealth building program, a college program, a house program, a retirement program, in addition to an insurance program all rolled into one. An IUL builds wealth though compounding tax-free interest, allows access to the accumulated earnings tax free, provides living benefits for critical, chronic or terminal illness and a tax-free death benefit.
The best part is that the earlier you start an IUL the greater the benefits and the smaller the premiums, which is why these policies for children who are so young makes financial sense. The premiums are incredibly low while allowing more time to build wealth when your grandchildren will need it.
It could be the best kept grandchild secret ever. Truly the Gift of a Lifetime, and you will always be remembered in the hearts and minds of your grandchildren.
Ask your W.H. Steiner representative about the Grandchild IUL
If you are wanting to learn more, you can visit the website link below. https://www.whsteiner.com/ or request No Cost Illustration below.