It’s a life insurance policy where a parent or guardian enforces this financial strategic plan for their child with the intention of creating significant cash value over time.
Million dollar baby policy is a long-term investment plan designed for a child. While protecting their precious, fragile life, addition to this, you help your kids start off a better quality of life by having a significant amount of cash resources. You as a parent or guardian have a power to gatekeep how small or big the amount of cash you want to access from the policy.
Most families think of kids are quite a cost with this information we share, we want to help you how financial literacy can help you ease of the pressure in all topics that involves financial planning.