We did this exact policy design for our kids with Steve/Edwin and team at IBC. Max fund the policy for ~6-7 years then stop. Roll that annual cashflow into 529/UTMA/Roths + learning experiences after year 6 or 7. Policies established in those first 6 years of life will benefit both them and our grandchildren in the future. It’s like time travel!
We did this exact policy design for our kids with Steve/Edwin and team at IBC. Max fund the policy for ~6-7 years then stop. Roll that annual cashflow into 529/UTMA/Roths + learning experiences after year 6 or 7. Policies established in those first 6 years of life will benefit both them and our grandchildren in the future. It’s like time travel!
You went with MassMutual or Guardian?
@ All of our policies are Guardian
I notice that Steve always presents Whole Life Policies. I would love to see a video comparing the different types of Permanent Life Insurance
Im working on that video today!!! 🙂
Could the policy owner and or beneficiary change at anytime ?
What happens to the policy if the policy holder dies before transferring ownership?
Does the policy owner have to have insurance on themselves also ?