Instead of giving them an amount of money, where you don’t have any control over how it will be used and whether it would last … There are several strategies that allow your gift to be meaningful and lasting, while maintaining control over it until you decide to hand it over to your child or grandchild.
Some of the strategies that we recommend include:
• Advanced term deposit, which provides higher, potentially unlimited, returns (compared to a GIC), while guaranteeing the capital
• Over funded life insurance, which combines a permanent life insurance with an investment component and can be passed down through several generations
• Life & critical illness insurance, which covers the child/ grandchild for either, for life, while premiums being low due to the age of the insured
• Alternative investment option, which provides investment flexibility and unlimited returns, together with a guaranteed life insurance component
For more information:
Bridge to Prosperity is a unique Business and Wealth Management Firm. We are passionate about finding creative ways to achieve our clients’ wishes and goals. We are also happy to provide a second opinion.
All our services are free of charge.