Retired Business Owners Creating a Meaningful Legacy for Their Two Grandchildren
Contribution: $20,000/year for 5 years per grandchild (2 total). Assumes equal age and health for simplicity.
Total out-of-pocket: $100,000 each
Years 1–5: $14,938/year each
Years 6–10: $33,588/year each
Total lender contribution: $242,630 each
Combined total: $342,630 each
Net death benefit from day one: $1,063,776
Includes built-in living benefits that allow access to policy values if needed during life.
Total tax-free income received (65–95): $11,700,000
Remaining death benefit to beneficiaries: $2,329,076
John and Mary (both age 70) have two grandchildren (around age 20, excellent health) and have already achieved financial independence.
Their goal is to:
Create a meaningful legacy gift
Provide lifetime income and protection for each grandchild
Do it in a structured, tax-efficient way
Rather than waiting until death, they want to begin transferring wealth now—intentionally and efficiently.
