Two great benefits from whole life insurance are the funding of your retirement and the funding of a college education.
The retirement funding is for your retirement. While the funding for a college education is for your children. You can either partially or wholly fund your retirement from the cash value feature of your whole life insurance policy. The cash build up is tax free, guaranteed, and can be borrowed and never paid back if you choose not to do so.
This same cash value feature can be used to fund your youngster's college education. However, two key points to keep in mind, the policy must insure you, the parent, and the face amount should be as large as you can reasonably afford.
With such a policy in place, you don't have to constantly watch the fluctuations of the stock market. Rather you just have to pay the premiums monthly, quarterly, semi-annually, or annually and concern yourself with other things.
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