The idea is simple: once your child turns 18, you charge them $300 a month ​in "rent." But instead of using that money for household expenses, you save ​it for them. Over the course of seven years, you will have saved $25,200. ​Sounds pretty straightforward, right?

But here's the catch: if you put that money into a regular savings account, ​it will sit there earning almost no interest. By the time your child turns 25, ​you’ll hand them $25,200—essentially the same amount you put in, with ​very little growth.

Make the Money Work Harder: Invest in an IUL Policy

What if instead of a traditional savings account, you invested that $300 a month into ​an Indexed Universal Life (IUL) policy? An IUL not only provides life insurance coverage ​but also builds cash value over time. The real game changer is that this cash value ​grows tax-free through compound interest.

Here’s what makes the IUL policy special:

• It allows your money to grow based on the performance of the stock market ​(without the risk of losing your principal).

• Instead of handing your child $25,200 at age 25, you could hand them $30,000 or ​more, depending on market performance.

The Power of Compound Interest

Compound interest is one of the most powerful tools for building wealth. By ​reinvesting the money you earn, you generate interest on your interest, causing the ​growth to accelerate over time.

Let’s break it down:

$300 a month over seven years equals $25,200 in contributions.

With compound interest working in their favor through an IUL policy, your child could ​end up with $30,000 or more by age 25. That extra growth is money they wouldn’t have ​seen in a basic savings account.

Giving Them More Than Just Savings

By the time your child turns 25, you’ll be able to give them more than just a lump sum—​you’ll give them a financial head start. Whether they use the money to invest, buy a ​home, or start a business, you’ve helped them build a strong foundation for the future.

And it’s not just about the money. By making them pay “rent” and saving it for them, ​you’re teaching them important life lessons about responsibility, savings, and financial ​literacy.

Ready to Secure Your Financial Future?

Don’t let that $300 a month go to waste. Reach out to me today to learn how an IUL ​policy can maximize those savings and set your child up for long-term financial ​success. I can provide a personalized IUL illustration to show you exactly how much ​you can grow your savings for your child.

Contact us today to explore how an IUL can help you grow and ​protect your wealth for the future!