Insurance Planning for Multi-Generational Families

Permanent life insurance, trust-owned coverage and estate liquidity planning for parents and grandparents building a legacy.

When the goal is to pass wealth to children and grandchildren, insurance is often used to create a defined amount for heirs, provide estate liquidity or equalize inheritances. We help you decide whether permanent coverage fits that goal and how it should be owned.

Common goals

Equalizing an inheritance when one child takes over a business or property. Providing cash so heirs are not forced to sell. Funding a trust for grandchildren. Reviewing coverage on younger family members, which some families consider while health is good.

How we help

We compare survivorship and individual permanent policies, show premium commitments and how results change under different assumptions, and coordinate ownership with your estate attorney. Policy values that are not guaranteed are labeled as such.

Suitability & Limits

Permanent coverage is a long-term premium commitment.

Non-guaranteed policy values depend on carrier crediting and charges.

Trusts and gifting strategies must be designed by your attorney and CPA.

What is survivorship life insurance?

A survivorship, or second-to-die, policy insures two people and pays when the second person dies. Couples sometimes use it for estate liquidity because that is often when estate costs arise. Premiums and underwriting depend on both insureds.

Should we buy life insurance on our children or grandchildren?

Some families do, often to lock in coverage while the child is healthy. It is a long-term commitment with ongoing cost, so we compare it with other ways of funding the same goal before recommending it.

How is a legacy policy taxed?

Life insurance death benefits are generally received income tax free by beneficiaries, but estate tax treatment depends on who owns the policy and other facts. Confirm your situation with your CPA and estate attorney.