How Gifting an IUL Works
The Process, the Planning, and the Purpose Behind the Gift
Gifting an IUL isn’t complicated—but it does require thoughtful planning to ensure it aligns with both your retirement goals and your family values.
The process begins with clarity. What is this gift meant to support? Education? Long-term security? A legacy asset? The answer determines how the policy is structured.
Typically, a parent or grandparent opens the policy with the child as the insured. The adult remains the owner initially, allowing them to control funding, structure, and long-term intent. Contributions can be made monthly, annually, or as a lump sum, depending on what fits comfortably into the broader financial plan.
One key benefit of gifting an IUL is flexibility. Funding isn’t rigid, and policies can be reviewed and adjusted as life changes. Ownership can later be transferred to the child when they reach an age or maturity level you’re comfortable with.
Most importantly, gifting an IUL is designed to complement—not compete with—your own retirement strategy. The goal is to give generously without sacrificing your financial security.
Not sure how a gifting strategy would actually work for your family?
The right structure makes all the difference—for you and for the next generation.
📅 Book a complimentary Gifting Consultation or Retirement Strategy Session to walk through how gifting can be designed intentionally, sustainably, and in alignment with your broader financial goals.
About Childress Financial Consultants
Kwesi and Cheri Childress are the husband-and-wife team behind Childress Financial Consultants, helping families and business owners plan for retirement with confidence. They specialize in maximizing Social Security benefits, protecting assets, and creating lasting legacies through safe-money strategies.
Together, they believe retirement planning isn’t just about money — it’s about family, freedom, and leaving a lasting legacy.
Schedule your complimentary Retirement Readiness Consultation today by calling (310) 256-7377 or sending an email to kchildress@cigbh.com.