Taking care of kid's future using universal life plan

Taking care of kid’s future using universal life plan.

What Is Universal Life (UL) Plan/Wealth Account?.

KEY TAKEAWAYS. Universal Life Plan is a form of permanent life insurance with an investment savings element plus low premiums..

Example of Universal Life Plan for Lavi. Table Description automatically generated.

21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 77,877 83,274 89,079 95,322 102,037 109,258 117,028 125,389 134,383 143,940 154,195 165,201 177,022 189,731 203,402 218,103 233,901 250,862 77,877 83,274 89,079 95,322 102,037 109,258 117,028 125,389 134,383 143,940 154,195 165,201 177,022 189,731 203,402 218,103 233,901 250,862 370,992 384,662 398,919 413,794 429,338 445,589 462,573 480,319 498,869 518,437 538,894 560,268 582,575 605,836 630,090 655,375 681,735 709,213 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115.

Annual Premiums Year 39 40 41 42 43 44 45 46 47 48 49 535,141 50 572,112 51 611,353 52 652,976 53 697,082 54 743,787 55 793,202 56 57 58 59 Age 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Weighted Average Yield (incl. bonus) (0/0) 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 Accumulation Fund 269,065 288,553 309,395 331,676 355,477 380,882 407,978 436,859 467,613 500,341 535,141 572,112 611,353 652,976 697,082 743,787 793,202 845,446 900,627 958,861 1,020,276 Total Surrender Value 269,065 288,553 309,395 331,676 355,477 380,882 407,978 436,859 467,613 500,341 Shuttle Fund (Before Taxes) 845,446 900,627 958,861 1,020,276 Death Benefit Insured 1 737,899 767,793 798,945 831,404 865,229 900,472 937,197 975,463 1,015,337 1,056,886 1,100,181 1,145,296 1,192,310 1,241,304 1,292,364 1,345,581 1,401,048 1,458,863 1,519,115 1,581,910 1,647,359 Extended Insurancel 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115.

60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 7.80 1,084,995 1,153,150 1,224,873 1,300,314 1,379,617 932 1,550,429 1,642,283 1,738,682 1,839,832 1,945,957 2,057,294 2,174,122 2,296,738 2,425,714 2,561,221 2,703,716 1,153,150 1,224,873 1,300,314 1,379,617 1,462,932 1,550,429 1,642,283 1,738,682 1,839,832 1,945,957 2,057,294 2,174,122 2,296,738 2,425,714 2,561,221 2,703,716 1,715,577 1,786,688 1,860,818 1,938,102 2,018,683 2,102,708 2,190,335 2,281,729 2,377,062 2,476,516 2,580,282 2,688,564 2,801,566 2,919,509 3,042,908 3,171,719 3,306,182 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115 115.

Table Description automatically generated. Upon death of your kid, his beneficiary will get ( Cash value + Death benefit )-collateral loan with interest tax-free.

For any questions or concern, you can reach out to me at 204-963-2305 or you can book meeting through this link: https://calendly.com/gpatelfinancial/30min?month=2022-10 Share your though on this with me it will be appreciated.