Creating a multi-generational culture of financial security, love and gratitude

Getting a life insurance policy for your apo (grandchild) can be a thoughtful financial decision for the following reasons:

Financial Security - In the unfortunate event of sickness, accident, disability or death, the insurance policy provides financial support to your grandchild and his/her family, covering necessary costs and easing financial burdens.

Guaranteed Insurability - Purchasing a policy at a young age guarantees that the child is insurable. Health buys life insurance. Money is just secondary.

Affordability - Premiums for policies on younger individuals are more affordable, making them cost-effective ways to secure coverage for your next generation of achievers.

Cash Value Accumulation - Many life insurance policies build cash value over time and, as the policyowner, you can still control and benefit from such cash value while still alive and can be accessed by your grandchild later on for education funding, starting a business, major purchase, retirement, leisure activities or legacy for his/her own family.

Estate Planning Benefits - Life insurance can be a valuable tool in estate planning, helping to pass on wealth to your grandchild without tax implications.

Training Financial Responsibility - The Bible verse Proverbs 22:6 (ESV) advises to?"Train up a child in the way he should go; even when he is old he will not depart from it”. Involving your grandchild in the process of obtaining life insurance can be an opportunity to train them on financial planning and the importance of life insurance.

Legacy Planning - It allows you to leave a legacy, ensuring that your grandchild and his/her future family have a financial foundation to build upon in the future.

Supplementing Future Insurance Needs - A life insurance policy can serve as a foundation for your grandchild’s future insurance needs, allowing him/her to add additional coverage as his/her responsibilities grow in the future.

Peace of Mind - Knowing that your grandchild is financially protected can provide peace of mind to you, reinforcing family bonds and support.

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Overall, purchasing a life insurance policy for your grandchild can be a forward-thinking strategy that supports his/her future financial stability while also imparting valuable lessons about money management and love - reasons enough for you to be remembered for for many generations in the future.

*Insuravest is a portmanteau word combining insurance and investment. Insuravest policies come with both life insurance coverage for sickness, accident, disability and death and a build-up of investment values for various financial goals like funding of your children’s education, retirement, business start-up, major purchase and charity giving.