Leaving a Financial Legacy to Your Great Grandchildren

Children are Special... Especially when it comes to Life(possibly $90,572.00, based on current interest rate),
Insurance. Children are expected to be on the planetand a death benefit of $500,001.00.
for a long time (0-100+ years, according to the newMerry and Joselph buy a home and start working on
Mortality Tables.), so their life insurance rates are lessa family of their own. They decide to follow in the
expensive than an adult or even a teen! Once a childfootsteps of Merry's parents, the Childs, and have
passes the age of 14, they fall into a different pricingonly one little bundle of... you know. By the time
category. It's logical. When is the last time you hadthere new son, Michael, is a toddler, Merry is 36
one of your teenagers plop on your lap and tell youyears old. Her Flexible Premium Universal Life
they love you?Insurance Plan cash value is worth $56,647.00 to
Life becomes more dangerous for teens after the$110,159.00, (depending on guaranteed or current
milestone year. They are no longer considered cuteinterest rate), and she has a long-standing death
and cuddly by the insurance industry, andbenefit of $500,001.00. She decides to purchase a
subsequently cost a few pennies more to insure thansimilar plan for Michael. (Don't worry, we won't get
your toddler. (But teens still get a better rate thaninto that.)
you or I.)Seeing that their daughter Merry is in the safe and
But to make a short story long, I give you a sampleloving hands of Joselph, the Child's, who are now
illustration of the power of youth: "The Merry Childretired, have opted for Life Settlement. They cash in
Story"their own $500,001.00 Flexible Premium Universal Life
This is Merry Child. She is only 2 years old. HerInsurance Plan for a measly $250,000.00, and move
parents want her to have a great life when they areto Venezuela . Their $250,000.00 becomes $
no longer around to take care of her. (The Childs plan536,150,000.00 when converted to the Venezuelan
to move to Venezuela when they retire.) They haveBolivar (VEB). Though their Español is really not
opted to insure their precious little bundle of joy forthat good, they live happily ever after, in the lap of
$500,000.50 (the 50¢ is to prevent having moreVenezuelan luxury.
insurance on Merry than on themselves, but sorry,Another 29 years whisk by. Michael has finally moved
my illustration software rounded the 50¢ up toout of the house,(yesterday), and the Mangers,
$1.00 anyway, so Merry has the same amount as her(Merry and Joselph, come on, keep up), decide to
folks).retire on the beautiful shores of La Jolla, (pronounced:
Since I am their agent, and did not get this sameLa Hoya), California . Merry's Flexible Premium
financial opportunity from my parents when I was aUniversal Life Insurance Plan cash value, (depending
toddling agent, I suggested that the Childs sink theiron who you ask), is now worth $73,862.00 to
hard-earned Benjamins into a Flexible Premium$575,836.00, and her death benefit is $702,520.00.
Universal Life Insurance Plan, like their own. (TryLife is good, so she decides to "let it ride" another 30
saying that one ten (10) times!) They will pay ayears or so. (Seeing how Michael has decided to
$437.50 quarterly premium, which is slightly less thanbecome a Missionary, and single-handedly save the
the cost of 20 pounds of Starbuck's(R) Black Apronworld. You go, Michael!)
Exclusive(R) Costa Rica Whole Bean Roast, LaAt age 95, Merry, who is now a widow and
Candelilla Estate Coffee(R). (Try saying that once!)grandmother of 12 fledgling missionaries, logs in to
At age 18, Merry is guaranteed to have a collegethe Virtual Reality Online Portal, (formerly known as
fund of $20,710.00, (possibly $27,614.00, based onthe internet), to check the status of her Flexible
current interest rate), and a death benefit ofPremium Universal Life Insurance Plan. Her cash value
$500,001.00. After four (4) or five (5) years of higheris estimated to be worth $2,744,076.00, and her
learning, Merry will get a super job in Business, anddeath benefit is $2,771,517!
begin to repay the loan she borrowed from herFive years later, at age 100, Merry commends her
Flexible Premium Universal Life Insurance Plan, with aspirit to her Heavenly Father. She becomes a
little help from good old Mom and Dad.guardian angel to her great grandchildren, when she
With ten years of rigorous ladder climbing under herleaves a legacy of $3,595,193.00, tax-free, to her
belt, (and at the tender age of 33), Merry gives in toheirs. (Not to mention her La Jolla Estate, a
her fiancé's proposition of marriage andVenezuelan Villa and a warehouse full of luxury
embarks on her next wonderful adventure, with herautomobiles!)
new husband Joselph Manger, (pronounced: Yoself).The moral of our little story? GET A LIFE!! (A life
Her cash value is now a guaranteed $49,826.00,insurance plan, that is, for your little merry child.