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Anyone familiar with High Early Cash Value Life Insur. Policies?

Posted on 3/24/10 at 1:04 pm
Posted by Weasel74
Dallas, Texas
Member since Aug 2005
127 posts
Posted on 3/24/10 at 1:04 pm
My financial advisor is suggesting I get one instead of funding my child's 529 account. I am reading background information on it but wanted to tap this board's expertise (if any) on this.
The insurer is OneAmerica Financial.
Posted by agdoctor
Louisiana
Member since Dec 2004
3194 posts
Posted on 3/24/10 at 1:09 pm to
never heard of it. Cant see how it would be better than a 529 with the state match. Does your financial adviser sell insurance?
Posted by GoTigers23
Baton Rouge
Member since Sep 2004
405 posts
Posted on 3/24/10 at 2:54 pm to
I do sell insurance and have heard of this being done...that being said...if you're from texas I recommend this program:

Texas Tuition Promise Fund
Posted by TigerGrl73
Nola
Member since Jan 2004
21426 posts
Posted on 3/24/10 at 4:00 pm to
My husband got his girls into TTF when they lived in Texas. The state discontinued it, but now they have a new one similar to it I believe that you linked. Anyway, he paid $10880 lump sum in 1996 for each of them. The older one is graduating in May, and TTF paid out $24906.60 for her tuition and fees. He had to pay for a couple of summers and part of her last semester because he only purchased 120 credit hours (529 plan took care of that), but still. Great deal.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65359 posts
Posted on 3/24/10 at 4:01 pm to
quote:

My financial advisor is suggesting


Your financial advisor is fricking you hard.
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