Frequently asked questions

No, the Generational Gifting Concept platform is a free resource to the public.

Meeting with our Practitioners will not cost you any money. The only money you will pay is the  premiums due on the whole life policy after you have approved your plan design and have successfully implemented the Generational Gifting Concept.

Our Practitioners are compensated directly from the insurance companies that we issue the whole life policies through. This unique compensation structure is what allows the Generational Gifting Concept Platform & Practitioners to come with no fees & expenses to you.

No, the Generational Gifting Concept platform does not have an option for course or membership sign ups. All of the content throughout our platform can be accessed with no obligations or payments.

The platform is available in all 50 states as well as District of Columbia & Puerto Rico. The Generational Gifting Concept Platform is not available outside of the United States of America & Puerto Rico.

No, the Generational Gifting Concept can be implemented for US Citizens & Non-US Citizens within all 50 states as well as District of Columbia & Puerto Rico.

All Generational Gifting Concept Practitioners hold at a minimum a Life Insurance license which is regulated by state insurance commissioners. Our Practitioners are employed, contracted & compensated directly with the life Insurance companies. In addition, each practitioner has completed a time intensive and rigorous training program to receive the designation of a Generational Gifting Concept Practitioner.

No, our practitioners are not authorized to provide tax or legal advice. Individuals are encouraged to seek advice from their own tax and legal council.

English, Spanish, Korean, Mandarin, Cantonese, Hindi. If you prefer an additional language, please email your request to info@generationalgifitng.com and we will provide a practitioner in the desired language

You can contact a Generational Gifting Concept Practitioner by completing the form fill on the home page.

You can email your request to Info@Generationalgifting.com and one of our dedicated platform team members will follow up with your request.

Our preferred meeting venue is Zoom due to the high volume of meetings our Practitioners accommodate. In person meetings are available at the sole discretion of the practitioner you are paired with.

We currently do not have an option available for this request.

All of our practitioners have been thoroughly vetted through a time intensive process by our management team which includes compliance reviews, licensing and regulatory history reviews, and a review of business ethics & standards. Our management team completes this thorough vetting process before a license to be a Generational Gifting Concept Practitioner can be granted.

Our vetting process for insurers contains a multitude of layers. Aside from just relying on the ratings given by rating agencies to gauge the financial stability of the insurer (A.M. Best Company, Fitch Ratings, Moody’s Investors Service, S&P Global ratings), we also analyze the General Investment/Portfolio Account of the insurer to gauge the financial strength & stability that backs the guarantees made to the policy holders. Since the Generational Gifting Concept relies on the guarantees of the Insurer, it is critical that we select Insurers that have the ability to remain financially stable and sound for decades and centuries to come.

No, dividend paying cash value whole life policies have been utilized since the 1800’s to gift assets to future generations. What is new, is the existence of an educational platform (Generational Gifting Concept) that can provide families with a clear and actionable path on how to utilize a dividend paying cash value whole life policy to gift assets to future generations.

For the Generational Gifting Concept platform, the only vehicle used during the implementation process is a dividend paying cash value whole life policy. When comparing the features, guarantees and benefits of the whole life policy to other gifting vehicle alternatives, we believe there is no other gifting vehicle that is more efficient. Yes, there are other vehicles you can use to gift assets to future generations however they would not fall under the scope of the Generational Gifting Concept.

As long as there is a desire for parents and grandparents to gift assets to future generations which we believe will be forever, the Generational Gifting Concept platform will continue to cement its place in history and operate at peak efficiency.

Eligibility is based on the underwriting guidelines of the Insurer which include financial and medical underwriting. In the event your application is declined by an insurer we will do our absolute best to seek a different insurer to accommodate your Generational Gifting Concept implementation needs.

If you decide to not move forward with the implementation process after the policy(s) is approved, our practitioners will close out the approval offer and there is no penalty or fee. As a courtesy, we do ask that you only pursue the process with the intention of completing the implementation process after approval. Our Practitioners accommodate high volumes of Generational Gifting Concept clients and time is our most valuable commodity.

16 days old.

Yes. Each sibling of the gifted must have the same size death benefit applied for or in force. The annual premiums can be different amounts as the premiums will vary based on age and gender.

Yes. The insurers set limits on the minimum and maximum death benefits that can be issued. You can review the options when you meet with your Practitioner.

Life insurance contracts are not a bank or credit union deposit or obligation. Life insurance contracts are not FDIC or NCUA insured. Life insurance contracts are not insured by any federal government agency and are not guaranteed by any bank or credit union. The guarantees of a life insurance contract are backed by the full faith, credit and claims paying ability of the insurer. This is why our vetting process of the insurer is critical to our implementation process.

No. Once the Whole Life policy is issued, the insurer cannot make changes to the contract. The contract is a legally binding agreement between the contract parties and the insurer.

No, dividends are not guaranteed as they are based on the net surplus & profitability of the insurer each year. Although dividends are not guaranteed the vetted Insurers that we use to implement the Generational Gifting Concept have paid dividends to their whole life policy holders for over 155+ years in a row.

If your Practitioner is no longer capable of serving your needs before and after the implementation process, we will assign you a new Practitioner to work with. All of your gifting plan designs and case notes are well documented internally to assure a seamless transition to a new Practitioner if needed.

If you are unhappy with the practitioner you were assigned, please email us a summary of your dissatisfaction to Info@generationalgifting.com and we will do our best to pair you with a new practitioner and ensure a favorable experience with our platform.

In this highly unusual scenario, if the Generational Gifting Concept platform is no longer available your gifting plan will continue uninterrupted. Since the Whole life policy is issued through an insurance company, the insurer is legally obligated to fulfill the guarantees of the contract which ensures the gifting plan created is fulfilled.

Yes. If you no longer believe the gifted should benefit from the Generational Gifting Concept, you are able to cancel the whole life policy and receive 100% of the cash value back that has accrued in the policy. If the policy is owned by an irrevocable trust, there may be limitations to rescinding the gift.

Some of our Practitioners hold additional licenses to provide additional planning services. Any other services provided in addition to the Generational Gifting Concept implementation process would not be affiliated with the Generational Gifting Concept Platform.