In most cases, yes. This is more flexible, grows tax deferred, and doesn’t penalize cash access for non-college use.
That’s fine. They can use the funds for a business, down payment, travel, or to supplement retirement tax-free.
No, but most clients invest between $100–$1,000/month (no upper limit).
You do. Not your child. Not the government. You stay in control, until your child turns 18+when you can effectively transfer policy ownership to your child, free of financial obligation.
Please complete this form for each child who is 16 or under.