Hi - Has any agents structured a college savings strategy by taking out a perm life policy (ie. last survivor-ship, SPIUL) on healthy grandparents to fund future college expenses? Chances of an older adult (>age 60) dying in the next 20-30 years is a lot higher, so you can either use the death benefit or cash value in the account toward a child college expenses. And you're not locked down on a life insurance for life as would be the case if you're taking out a policy for yourself or on your child.
I've always thought it would be too expensive to do because COI on 60 year olds are costly,
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I've always thought it would be too expensive to do because COI on 60 year olds are costly,
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