Child Asset Builder
Leave a generational legacy.
Child Asset Builder
Leave a generational legacy
What if you could use the magic of compound interest for decades, yet never pay taxes above basis? This is possible because you take distributions as a loan.
It is not considered income and is not subject to required minimum distributions. It will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
The magic of compound interest. Compound Interest is the addition of interest to the principal sum of a deposit.
We love our children and grandchildren but we may not be around to protect them. What if part of your legacy was built around helping them get a head start on savings?
One of the problems is that we’re not taught financial responsibility when we’re in school. And many times, what we do learn about saving is not true. What if you could give your children a head start with the knowledge of how to take care of money? What a legacy that would be.
Remember, compound interest is the addition of interest to the principal sum of a deposit. In other words, interest is on top of interest. As the years go by, this method of accruement can develop into a sizable amount of money. This is great, but the problem is that interest is always taxable when you take a distribution.
Every time I tell the Child Asset Builder story, I get more and more excited. The concept isn’t new, but with today’s products, it can be enhanced. Today, our program can include life insurance with critical, chronic, and terminal illness coverage. The owner can even use the money as needed as the child reaches maturity.
Helping you make the most of your finances to secure your future.
