Thinking about the future
Grace ran a successful boutique, but she knew the reality of business: some months were a feast, others were a famine. This income instability made her anxious about the future. Her daughter, Sofea, was bright and ambitious. Grace worried that when the time came for university, she might be in a “famine” cycle and unable to pay the fees.
The challenges of funding education
She tried saving in a regular bank account, but it was too easy to withdraw the money when business cash flow was tight. She needed a system that protected the education fund from her own business risks. She needed a forced savings mechanism.
Finding a stress-free solution
Our advisor from TM Legacy Builders introduced her to an endowment plan with a strict premium schedule. At first, Grace was hesitant about the commitment. But our advisor explained that the plan came with “Payor Waiver” protection. If Grace were to suffer a critical illness or pass away, the insurance company would continue paying the premiums for her. This feature was something a bank account could never offer.
Staying consistent through life’s ups and downs
Grace committed to the plan. She set up an auto-debit and treated it as her most important supplier payment. Over the years, she watched the cash value grow. The structure gave her immense relief. She didn’t have to “find” money for Sofea’s future every month; the system did it for her.
Reaching milestones without panic
Recently, Sofea entered college. The first payout from the plan arrived right on schedule. It covered the registration fees and the first year’s tuition. Grace didn’t have to panic or dip into her business capital. The separation of business and personal legacy was complete.
For entrepreneurs, financial volatility is normal. But Grace learned that her child’s future shouldn’t be volatile. TM Legacy Builders provided the structure she needed to ensure that no matter what happened to the market, Sofea’s education was secure.
Key takeaways for parents
- Early planning avoids last-minute stress.
- Education insurance ensures funds are ready when needed.
- Structured planning builds confidence and flexibility.
- A small, consistent effort today secures the child’s future.
How TM Legacy Builders supports families
We help choose the right plan for each child’s desires and goals by guiding families through timelines and contribution options. We provide support for parents through every milestone, adjustment, and change that happens.
