529 savings plan is a good plan for college funding. But with it’s limitations, putting all your eggs in the same basket is never a good idea.
Checkout what a dividend based cash value whole life can do for you.
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Modified Endowment Contract (MEC)
A Modified Endowment Contract (MEC) refers to a life insurance policy whose subsidizing, i.e., funding has surpassed federal tax law limits. The IRS doesn’t believe this to be a life coverage contract any longer. The adjustment of order was achieved to battle the utilization of the “life insurance” assignment for the reasons for charge aversion.
10 Reasons: Why you Need Life Insurance
Life insurance is the foundation of all financial planning.