Kid Millionaire
The Kid Millionaire is basically an IUL plan that parents buy for their children from when they were little so they can get more benefits when they grow up. This is also a savings program for parents because they can withdraw interest in their children’s program as an owner.
Kid Millionaire’s Benefits and Feartures
_ Preparing the best financial foundation for the three most important stages of your child’s life in the future: Entering college, getting married and retirement.
_ Get the retirement income higher than their parents.
_ Tax-free growth.
_ Use the funds for tax-free income,
_ You can open a plan for your child as early as 1 month after birth.
_ Cash values can be used by your child for any financial need in life including education, down payment on a home, starting a business and even to provide financial security for their future family in the future when they grow up.
_ You can use the funds in the plan, while it continues to grow,
_ Parents, grandparents, legal guardians, aunts or uncles can open these plans and will own and control the policy for as long as they like.
_ Because it’s a life insurance plan, your child will be permanently covered, regardless of any illness that may arise.
_ This is an asset that either you, or your child, can use for retirement.