Episode 174: Life Insurance on Your Kids

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In this episode, we ask:

Can you imagine yourself in a forest?
Why in the world would we have life insurance on a young child?
What about life insurance on grandchildren?
What about annual premium?
What about 20-year-old policies?
What’s an example?
What about compounding growth?
What about the time value of money?
What about uninterrupted compound growth?
What about tax, under current law?
What about changing your family tree?
What about risks?
What about cash value?
What about purchasing cars?
What about policy loans?
What about Bank on Yourself type whole life insurance policies?
What about house purchases?
What about international trips?
What about cash flow real estate?
What about teaching children to prepare for the next generation?
What about covering multiple generations?
What about underwriting?
What about tax advantages?
What about the outlay?
What about the grandparents?
What’s Mark’s story?
How might a death benefit from the matriarch or patriarch set up the family for generations?
How might life insurance greatly simplify the estate planning process?
What about creating a wealth mentality?
What about the psychology over multiple generations?
What about a mindset?
What about promoting an understanding?
How old is this idea?
What about the Rockefeller’s?
How might you educate?
Do you assume your child will go to college?
Do you assume your grandchild will go to college?
Who wants to push back against average advice?
Is the college degree now overrated?
What about teaching your child?
What about learning to think like a banker?
What about examples?
Does age matter on a policy?
What is the potential?
What about growth?
What about market risk?
What about policies on your kids?
What’s Anita’s story?
How is life insurance different in Canada?
What about cash value growth?
What about buying cars?
What are the benefits?
What are the drawbacks?
What is the example on Million Dollar Baby?
What about future grandchildren?
Would you like to join our NEW! Not Your Average Financial Community?

Anita Bennett, a Vancouver born and Vancouver Island raised SFU Business Graduate who started her career specializing in Marketing, has been working with families since 2010. Her first business, a play-café called Kinder Café, was located in Port Coquitlam, BC, and was dedicated to providing a safe place for the community to connect with their children.

Anita believes that having a strong financial plan & investment strategy is the backbone of every family’s future success. She is dedicated to providing families with the information that they need to start the right investment savings and protection plans for their family and their children.

Having lost her father at the age of 29, and having lived the impact of her husband having a life-threatening illness, Anita knows how important it is to have disability and life insurance to protect the financial well being of a family’s future and the standard of living.

Anita is a mother of two and a step-mother to three children. When not educating parents on financial & investment strategies, she is out playing soccer in the Metro Women’s Soccer League, as well as coaching her children’s soccer teams.