Attn: Parents - Could you pay $200 a month for your child if you could get the following for him/her:
1. $18,300 per year for 4 yrs from age 18 - 21 TAX FREE (don't pay $200 per mo during this time) and you don't have to pay it back.
2. Age 30 - TAX FREE Check for $48,000 to pay for new business start up or down payment on a house. (don't pay $200 per month during this year) and you don't have to pay it back
3. Stop paying $200 per month forever at age 65
4. Child who is now age 65 receives a yearly income of $480,000 TAX FREE Income until age 95.
oh and by the way - during this entire time he/she has life insurance where if he/she died the beneficiary would receive:
* $647,222 death benefit at age 18 during the college years
* $484,859 death benefit while you took the $48,000 down payment for house money
* $3,792,000 death benefit at age 65 and goes up to $30,923,451 at age 100
Oh....did I also tell you that all of this money is non-taxable ?
Call me if you would like to see an illustration on this.
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