Business : How to invest for your grandchild's future

Proud Grandparents There’s nothing in the world quite like the joy of becoming a grandparent. And like any proud grandparent, you want to give your grandchild a head start on a bright future. Fortunately, investing in your grandchild’s future is relatively easy and affordable to do with the right tools. Giving a lifetime gift Life insurance is one of the greatest gifts you can give a child. Permanent life insurance can guarantee coverage for your grandchild’s lifetime, while accumulating cash value for future financial needs, such as college funding or a down payment on a home.1 Certain life insurance, including Farm Bureau’s Generation Builder II policy, can be paid in full within 10 years. Plus, by adding the Guaranteed Purchase Option rider to the policy, you can guarantee2 your grandchild will have opportunities to purchase additional coverage in the future. Funding a future It’s never too early to begin thinking about your grandchild’s future education. A college education can help your grandchild achieve his or her dreams – whatever they may be. There are a number of investment products specifically designed for education funding, including Section 529 College Savings Plans, Coverdell Education Savings Accounts, mutual funds and Roth IRAs. Because each option has distinct features and some have income or yearly contribution limits, it’s important to discuss your education funding goals with your Farm Bureau agent. Call your agent today to schedule an appointment. 1 Any withdrawals or policy loans will reduce the death benefit if the amount is not repaid by the time of death. 2 The guarantees expressed here are based on the claims-paying ability of Farm Bureau Life Insurance Company. Tips brought to you by Farm Bureau Financial Services. For more information about products and services, call Randy R. Stein CLU, ChFC, LUTCF at (319) 472-5231 or stop by the office located at 1105 West 9th Street in Vinton. Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Farm Bureau Property & Casualty Insurance Company+*, Western Agricultural Insurance Company+*, Farm Bureau Life Insurance Company+*/West Des Moines, IA. +Affiliates *Company providers of Farm Bureau Financial Services