It can be tough to save money for your child's future; SmartStart aims to make that a little bit easier.
SmartStart goes beyond education expenses: in addition to using funds to help pay for the cost of college, available cash value can be used at any point in your child's life. If they want to use funds for a down payment on a home, they can do so! When it's time for them to retire, if the policy is still in force, they can even create a retirement income stream from their SmartStart policy.
By setting aside a small amount of money every month or quarter starting when your child is young, you can help them set aside cash for future needs while providing valuable insurance coverage.
A portion of your premium payment goes to pay the cost of life insurance coverage. The balance becomes part of the policy's cash value, which accumulates and grows tax-free.
The best time to begin the SmartStart program for your child is now. The cost of the insurance component will rise the older your child gets.
In addition, starting sooner means the funds set aside (the cash value component of the policy) will have more time to accumulate and grow. Having the power of time on your side with the SmartStart plan can yield astonishing results. Because the returns are indexed to the market, nobody can guarantee exactly how much money your child will have when it comes time to draw on the cash value for college expenses.
The SmartStart life insurance policy comes with the potential for dramatic growth to give your child the head start they deserve.