In this episode of the Taylored Tax Show, co-hosts Terrence Taylor and Big Al Darnell Jr. explore the strategic use of life insurance to fund children's education. They discuss how to set up a permanent life insurance policy with cash value specifically for educational expenses, comparing it to other savings options like Coverdell accounts and 529 plans. The episode highlights the unique benefits of life insurance over traditional education savings methods, emphasizing its potential for long-term financial planning. Tune in for practical insights on leveraging life insurance as a tool for supporting your children's educational goals.

"Life insurance isn't just about death. It's about while you're living as well, if you strategically use it the way that we talk about and you can really set up your children from the age of 18 or well beyond to take advantage of life."

Highlights:

[00:01:01] Life insurance for education funding.

[00:04:24] Funding education with life insurance.

[00:10:14] Strategic use of life insurance.

[00:12:48] Life insurance benefits while living.

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