How does insurance work? | Shirtless Jake's Homestead

When people think about kids’ life insurance, they typically think about the old child whole life policies your grandparents use to buy or maybe even the Gerber Grow Up plan. Both of which are a waste of money. The type of life insurance policy for children we are talking about is much, much different from those old types of plans. It is a permanent plan, but not a whole life insurance plan. It’s called a Kids IUL some people call it a million dollar baby IUL. And I set up one for both of my kid