Buying Life Insurance Policies On My Kids

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What This Episode Is About

Our last guest, Dr. Jim Smith, talked about the importance of educating his children and grandchildren on the way he set up life insurance policies in their name. We thought it would be great to expand on that.

How do we build legacies and create future wealth for our kids? How can we teach them about money when they are young?

On this episode, we give you the nuts & bolts on the strategy of buying policies for our kids.

 

 

Mentioned In This Episode:

  • Why we should always be prepared for the unknown
  • How we can teach our kids about money and how it works
  • Why it’s important to buy your own policy before your kid’s
  • The responsibility we have for our kids lives to educate them and help them navigate the financial world with better understanding
  • How creating these policies is a powerful way to set up financial futures for our kids

 

 

Free Tax Strategy Webinar:

If you want to learn more about the tax strategies discussed in this podcast, register for this free webinar. We’ll take a deep-dive into the various ideas shared and even show you how to factor your estimated tax savings. You won’t want to miss it!

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Resources:

 

*We use affiliate links and if you choose to buy things we might receive compensation from those companies

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