As you contribute to a permanent life insurance policy, it accumulates cash value over time, growing tax-deferred. When needed, you can access this cash value through tax-advantaged policy loans, which your child can use not only for college tuition but also for any path they choose, including starting a business. This approach provides a flexible funding source that adapts to your child’s dreams and ambitions, helping them pursue their goals without the constraints of traditional savings plans.
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