So, your elderly grandparent or Aunt Whomever has died. Sad, yes. But it also means no more holiday check with some mild-ass cash amount in check form included; 35 bucks springs to mind.
Well, shouldn't grandma be able to buy insurance that guarantees that her designees continue receiving these sweet pittances in peretuity?
BETTER! Wait, wait! Shouldn't you be able to just buy the insurance yourself, so that when whoever cools off, you can ensure that the dough flows, regardless as to whether the former payee set up with the system or not? Because surely explaining this ingenious plan would only baffle an oldster. "Do what now?"
Yeah, so, you can pay in like a hundred dollars a year to your insurance guy (me?) and I can assure you I will send you thirty-five bucks at Christmas!
WE ALL WIN!