1
5
10
$2,105,406
$1,382,657
$1,020,459
*Plans and policies are subject to change, this is merely a reference for what is the value based on
when this information is pulled. To get an accurate projected dollar amount please contact one of our
representatives. Other factors may apply when applying for the Million Dollar Baby insurance plan.
1
5
10
$2,105,406
$1,382,657
$1,020,459
*Plans and policies are subject to change, this is merely a reference for what is the value based on
when this information is pulled. To get an accurate projected dollar amount please contact one of our
representatives. Other factors may apply when applying for the Million Dollar Baby insurance plan.
Expertise You Can Trust
Personalized Approach
Long-Term Commitment
Transparent and Ethical Practices
Choosing us means partnering with a team that's as invested in your child's future as you are. Let's build a brighter tomorrow for your child, together.
Expertise You Can Trust
Personalized Approach
Long-Term Commitment
Transparent and Ethical Practices
Choosing us means partnering with a team that's as invested in your child's future as you are. Let's build a brighter tomorrow for your child, together.
The Million Dollar Baby Plan is a unique life insurance policy designed for children, starting as early as 14 days after birth. It combines the benefits of a life insurance policy with an investment component, allowing for tax-free growth of funds, which can be used for various financial needs throughout your child's life, such as education, buying a home, or starting a business.
The investment portion of the Million Dollar Baby Plan grows tax-free over time. This means that the earnings from the investment are not subject to taxes, which can significantly enhance the growth potential of the funds. When these funds are accessed for approved purposes, they are typically exempt from income taxes, making it a tax-efficient way to save for your child's future.
Yes, you can access the funds in the Million Dollar Baby Plan before your child turns 18. These funds can be used for various needs, such as educational expenses. However, it's important to understand that withdrawing funds may affect the policy's cash value and death benefit. Specific terms and conditions regarding withdrawals can vary, so it's advisable to consult with your policy documents or a financial advisor for detailed information.
The Million Dollar Baby Plan is designed with flexibility in mind. If you face financial hardship and cannot make contributions, there are options available. Depending on your policy's terms and the accumulated cash value, you may be able to pause payments temporarily without losing coverage. However, it's important to communicate with your insurance provider as soon as possible to understand your policy's specific provisions and avoid any unintended lapse in coverage.
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