Birthday Insurance
Love knows no bounds. Especially the love of grandparents to their grandchildren. How do you like the idea of “Birthday Insurance,” a type of Life Insurance that sends grandchildren a birthday card and a check, for the rest of their lives after their grandparents passed away? Do you see this insurance product as a financial-planning tool or just a weird way to keep memories tangible?
Money (a check of $100, or $500, the sum depends on what you actually sign up for) comes with a “personalized” greeting card, as sentimental as 30 characters Commemorative Life provides you with allow you to be. It repeats year after year. This sounds pretty much like a scenario to a movie about afterlife with messages from above, don’t you think?
When it comes to money, the conversation often gets tougher. Doubtful that grandparents want to be remembered for providing a regular gift check only. We talk about a certain amount of money received annually in this case, it is likely that the buying power of the sum will decrease, making it rather a routine procedure than a meaningful act and real financial help. Will it make the memories faded and devaluated too?
It is important for grandparents who want to create a legacy and provide their grandchildren with something meaningful in terms of money, to consider some Life Insurance type, but I’m not sure about this particular one. Being a caring grandparent when you are alive pays a lot more.
