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I have 3 kids ages 23, 13 and 5.
I have 10k for each one to either invest or open IUL. I do not have enough knowledge regarding IULs to determine if the cash value benefits are better than investment accounts.
Any information would be greatly appreciated!
Thanks for the information. Purpose is for them to have as a fall back plan if needed. I didn't have anyone to help me so I'm just trying to do more for my kids than what I had. Which is why I'm overwhelmed with all the products and options out there.