Having our kids buy life insurance on us is not something you hear every day.
But, it’s an insurance policy that can benefit your kid’s future retirement plan.
Renovating Retirement’s Charlie Jewett explains the benefits of this insurance saying, “401Ks and retirement accounts leave you with mystery balances at mystery tax rates.
Life insurance on the other hand is one way kids can leave themselves a tax-free inheritance.”
Now, there is a catch.
At least one parent needs to be able to qualify for the insurance.
To learn more about this great investment strategy visit https://renovatemyplan.com