Why Most Americans Will NEVER Be Millionaires (Don't Make This Mistake!)
Money Guy Show
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Is Tax Deferred Growth Really That Valuable?
A lot of the most common uses we see for permanent insurance is to by any outstanding liabilities, like tax liabilities, that might be present when you pass away. I just don't love that that mix of setting up insurance and investing to overlap. It should be two separate and distinct things. The only way you can get away from the liability is to die with it. Part of that death benefit will be to pay down the loan that you took to pay for college. But you'll at least be freeing them of the obligation of paying your life insurance.
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