Can a grandparent buy a life insurance policy on a grandchild?

Yes. In Virginia, a grandparent's blood relationship satisfies the insurable-interest requirement to insure a grandchild. The child's parent provides written consent as a normal part of the process.

How can life insurance for a grandchild cost about $3 a day?

A contribution of roughly $90 per month works out to about $3 a day and is a common starting point for a young grandchild. The exact amount depends on the child's age and your goals.

What happens to an IUL policy if the stock market crashes?

An Indexed Universal Life policy links growth to a market index but includes a floor. In a year the index falls, credited interest is zero rather than a loss, so cash value is protected from index declines. Internal policy costs still apply.

Who controls a grandchild's IUL policy and its money?

As the policy owner, the grandparent stays in control of the policy and its cash value. Ownership can be transferred to the grandchild or their parents later, on the owner's terms and timeline.

Why use an IUL instead of a savings account or 529 plan for a grandchild?

An IUL offers tax-advantaged growth, protection from market losses through its floor, and flexible access to cash value for any purpose, unlike a 529 which is generally restricted to qualified education expenses.

Guarantee Your Grandchild's Financial Future for About $3 a Day

For Grandparents Who Want to Leave More Than Memories

Leverage your Financial Legacy; turn it into a lifetime income for your grandchild

Grandchild's
first name

Current
age

Gender

Your State

Annual vs. Monthly Contributions

Monthly contribution

In Monthly mode, the contribution is made each month and grows for the lifetime of your grandchild.

By purchasing an IUL for your grandchild, you hand your grandchild a head start that grows tax-free, is never lost when the market falls, and can pay them income for life.

Ready to see real numbers for your grandchildren?

Booking this week's available slots

How It Works

Three simple steps.
One lasting gift.

You book the call

Click any "Book My Free Call" button to grab a 20-minute slot. No paperwork, no commitment — just a friendly conversation about your grandchild and your financial legacy for them.

Together, we build a plan that works for you!

You'll see a real carrier illustration with actual numbers, and get every question answered.

Their future is secured

If it's the right fit, the policy is put in place. From that day on, your grandchild has a protected, growing financial foundation for life.

Who You'll Be Speaking With

A Financial Professional with 20+ years of expertise

Michael McMeniman

LUTCF

I help families across the country to Build Your Financial Confidence™ — To give your family clarity about their financial future and the protection to back it up. I structure policies for your grandchildren, the same way I already have structured them for my own family: conservatively, transparently, and with the long game in mind.

On our call, there's no script and no pressure. Just honest answers and a clear illustration so you can decide what's right for your grandchildren.

— Michael

The policy you set up this month could pay your grandchild for the rest of their life.

Sixty years from now, they won't remember the gifts.
They'll remember that you set them up to win.
Book your free 20-minute call and see exactly how.

A Grandparent's Guide to Using an IUL to Build Your Grandchild's Financial Future

If you're exploring how to give your grandchild a lasting financial head start, an Indexed Universal Life (IUL) insurance policy is one of the most flexible tools available. Below is a plain-English overview of how it works, who it's for, and the questions Virginia grandparents ask most. When you're ready to see real numbers for your own grandchild, Michael McMeniman offers a free 20-minute call.

What is a grandchild IUL, in simple terms?

An IUL is a type of permanent life insurance that builds cash value over time. Instead of earning a fixed rate, the cash value is credited based on the performance of a market index (such as the S&P 500), with two key protections: a floor that prevents losses when the index falls, and a cap or participation rate that defines how much of the gain is credited in strong years. Started early in a grandchild's life, the policy has decades to grow on a tax-advantaged basis.

How much does it cost?

A common starting point for a young grandchild is around $90 per month — about $3 a day. The right amount depends on the grandchild's age and your goals. A personalized illustration shows options at several contribution levels so you can choose what fits your budget, with no obligation to proceed.

IUL vs. a 529 plan or savings account

A 529 plan offers tax advantages but is generally restricted to qualified education expenses, with penalties for other uses. A savings account is fully flexible but offers little growth and no protection or tax advantage. An IUL aims to combine tax-advantaged growth, protection from market losses, and flexible access for any purpose in the grandchild's life. Each tool has tradeoffs; a consultation compares them for your specific situation.

The rules for grandparents:

In most states, a grandparent's blood relationship satisfies the insurable interest requirement needed to insure a grandchild. The grandchild's parent provides written consent as a standard part of the application, and carriers apply their own juvenile underwriting guidelines. Have no fear, Michael walks you through each of these steps so nothing is left to guesswork.

Is an IUL right for your family?

An IUL is a long-term commitment, and it isn't the right fit for everyone. It works best when you can fund it consistently over time and you value protection and flexibility alongside growth. The honest way to find out is a short conversation that looks at your goals and your grandchild's situation, with a clear illustration of real numbers — and no pressure to move forward.

Why grandparents choose an IUL for a grandchild

Time is on your side. A policy started in early childhood has 50–60 years to compound before the grandchild reaches retirement age.
Insurability is locked in. A healthy young child qualifies easily today, guaranteeing coverage regardless of health changes later in life.
Market protection. The floor means a market downturn credits zero interest rather than a loss of value.
Flexible, tax-advantaged access. Cash value can later be accessed through policy loans for college, a first home, a business, or supplemental retirement income.
A legacy that lasts. Unlike a cash gift that may be spent, a properly structured policy is a disciplined, protected asset that remains decades later.

See the real numbers for your grandchild

Book a free, no-obligation 20-minute call with Michael McMeniman of Maneuver Financial. You'll get a personalized illustration and honest answers — and you decide what's right for your family.

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Schedule a Conversation

Pick a time below for your free 20-minute call with Michael. You'll get a personalized illustration and honest answers — no obligation.