The role of grandparents has long been to comfort, support, and of course, spoil their grandchildren. But in a time of rising costs, particularly for education and housing, many grandparents are finding new ways to help—whether through direct financial aid or passing on their hard-earned lessons of financial literacy. While the role grandparents play hasn’t really changed over the years, we’re seeing new ways they can support grandchildren. We’ve spoken with most of you in the past about considering naming your grandchildren as beneficiaries on your life or annuity products as an alternative to gifting and as a means of providing financial support for years into their lifetime. There are a variety of ways to do this, depending on what you’re looking to achieve. Naming your grandchildren as beneficiaries on your accounts may be one way. Call us, we’re always here to discuss options.