The Generational Equity Maximization System™ (G.E.M.S.™) is a proprietary wealth creation, preservation, and multigenerational transfer framework that harnesses the power of dividend-paying whole life insurance policies structured across multiple family generations. GEMS introduces a transformative way to conceptualize financial contracts as privately owned "properties” - bridging the familiar advantages of real estate asset portfolios with the unmatched simplicity, liquidity, and tax efficiency of life insurance. By connecting the commonly understood principles of real estate investing — equity growth, appreciation, passive income, leverage, and multigenerational transfer — with a new kind of financial property (the life insurance contract), GEMS offers families and entrepreneurs a system that unlocks real estate-like benefits without the burdens of ownership, maintenance, tenants, or market volatility. Through the GEMS framework, participants systematically build a portfolio of Self-Liquidating Legacy Contracts™ — customized whole life insurance policies that grow guaranteed cash values, provide immediate tax-advantaged borrowing power, and ensure automatic, tax-free wealth transfer without probate, capital gains, or complex legal structures. An additional simplified variant, Liquid Legacy Contracts™, supports broader educational outreach and system flexibility. The GEMS model removes reliance on unpredictable markets, interest rates, and external financing, offering families an elegant, controlled, and secure method of expanding wealth across multiple generations. This concept was created by Richard Canfield and has been delivered in numerous YouTube videos and live presentations since October of 2022 where it was first unveiled in Edmonton, Alberta a Live Client Event with Ascendant Financial. This video posted in July 2024 edited from what was originally a live webinar Richard delivered in October 2023 at the Real Estate Resilience conference: https://www.youtube.com/watch?v=oBWSc6nWc-A