Purchasing an annuity for your child or grandchild can be a thoughtful way to provide them with financial security in adulthood. Plus, by placing assets into an annuity and naming them as the Annuitant (beneficiary) to the contract, you can avoid having those assets go through the costly and time-consuming probate process when you die. When and how your loved one receives the money will depend on how you structure the annuity contract.

Whether you want to start growing your retirement, or turn your child's savings into future lifetime income, an annuity is a long-term retirement planning tool that can be a cornerstone of your family's financial plan. An alternative to, or in addition to an IRA/Youth Roth IRA, it can help you protect and grow you and/or your children's retirement nest egg, or you can turn it into guaranteed lifetime income.

In exchange for your premium, an annuity contract outlines the benefits and guarantees that you receive and the insurance company's promise to look after your money until you need it.

We offer a number of products that can provide downside protection, growth potential and guaranteed income for life.

As the name suggests, it is insurance designed for a child’s whole life. Most children’s whole life insurance products build guaranteed cash value to help safeguard and nurture their future. Children’s whole life is typically designed for children age 0 days to 18 years, has lower face amounts (can be increased in the future) and premiums that remain the same for their entire life.

Protecting and preparing your children and grandchildren for life is one of the most important things a parent can do for their family. Starting as low as $3 per month with no medical exams and just a few medical questions and a simplified application. It can be a timeless, sustainable reminder of how much you care for the ones you love, plus some additional peace of mind for you.

Popular permanent life products for children include Indexed Universal Life (IUL) or Bright Start Whole Life. Universal Life insurance may be right for you if you’re looking for permanent life insurance that allows you flexibility in how you pay your premiums. For example, with Whole Life insurance, you pay a set amount each month. Universal Life insurance allows you to pay higher premium amounts when you want, so you can potentially increase your cash value.