FGP

Family Generational Prosperity Assurance (FGP)

Family Generational Prosperity Assurance plan is designed to actualize the vision for generational prosperity of the family by the patriarch or matriarch or both of a family. Many families have achieved wealth sustainability for generations but more than 90% of the known names of the past 4 generations have fizzled out. Only a few names, and particularly, John D. Rockefeller whose family in the seventh generations have remained very successful have maintained the list. The latter family is known to have maintained a culture of Family Generational Prosperity Assurance. The family insurance plan for generational prosperity is that the patriarch created a trust and bought FGP Insurance for every member of the family. This culture has remained till today.
The plan has two main structures:
 
WHOLE LIFE STRUCTURE - Whole Life Assurance is bought for every member of the family. The policy acquires cash value which then represents the family bank and from which family members could borrow to do whatever they wanted. A borrowing member could repay to the family bank or not repay. Since the loan is virtually non-interest bearing or minimal interest bearing, the life assurance death benefits cover whatever the loan would ever amount to. Whenever the member dies, the death benefit pays off the indebtedness of the member and the balance remains credited to the family Trust.
 
TERM ASSURANCE STRUCTURE - A TERM Assurance structured policy does not acquire surrender value; hence the insurance benefit is higher. Also, it is cheaper than a policy that acquires surrender value. As the family members’ pass, the life Assurance benefit is paid into the family trust account to replenish the fund. The fund is invested and used to train, acquire skills and provide seed capital for business inclined persons in the family. This way, the funding of the family trust account through insurance benefits is forever as long as the insurance is renewed annually. The security is backed by trillions of US Dollars in reserves by the insurance companies and world reinsurance companies.
 
Whatever model you choose, the FGP Assurance is a sure guarantee to keep the family financially afloat into the unknown future. It brings certainty into the uncertain future in the lives of families.
 

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