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Million Dollar Baby Plan

Transform a $99 monthly investment into a lifetime of financial security for your child with the Million Dollar Baby Plan, a cutting-edge life insurance strategy that builds wealth, ensures lifelong insurability, and provides tax-free retirement income—all with just a 20-year commitment.

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The Million Dollar Baby Plan is not your average life insurance policy; it’s a modern, permanent life insurance solution built to grow substantial cash value over time. Attention parents and grandparents, this plan helps secure your child’s lifelong insurability while building a strong foundation for their financial independence.

By starting early, your child can access tax-free cash value in their 20s or 30s, use it for college, a home, or a business, and even enjoy a tax-free retirement income later in life. It’s a flexible, long-term investment that grows with them and meets their future needs

Features and Benefits

Plan in 14 Days

You can open a plan for your child as early as 14 days after birth.

Control

The policy owner retains full control over the funds.

Guaranteed Minimum Floors

IULs provide guaranteed minimum floors of 0%, which keep the principal safe.

Lifetime Insurance Coverage

Your child’s life insurance remains guaranteed, ensuring coverage even if they become uninsurable later

Tax-advantaged Growth

The cash value of the policy grows tax-deferred, meaning that no tax is due on the gain.
The cash value in an IUL can be accessed tax-free!

Flexibility

As time passes, IUL policies offer flexibility to adjust benefits and premiums to fit your changing financial needs.

Accumulating Cash Value

Monthly premiums in your child’s IUL policy grow cash value and compound over time. This savings tool can fund expenses from college to retirement, starting just weeks after birth

Financial Security in the Future

Financial security today goes beyond basic savings. Amid market shifts, inflation, and job changes, investing early harnesses compound interest. Including life insurance in wealth-building diversifies investments effectively

Wealth-Building

Investing a minimum $99 monthly in an Indexed Universal Life (IUL) policy for your child can generate an annual tax-free retirement income stream of $118,132, depending on the starting age.

The Earlier A Child Is Insured, The More You Can Take Advantage Of Compound Interest.

As a parent, you can give your kids a financial head start by investing in the Million Dollar Baby Plan. This strategy offers the potential for significant growth over time, with contributions compounding and becoming accessible when needed. The Million Dollar Baby Plan not only provides a safety net but also builds a substantial financial foundation, ensuring your children have the resources for future expenses—from education to buying their first home.

*Please note that tables and charts are meant for illustration only and do not represent any specific insurance policy. For precise details, refer to your individual policy. All guarantees and obligations depend entirely on the issuing life insurance company’s ability to pay claims. The example assumes an annual interest rate of 6.44%, with approximate values shown.

The cash value from the Million Dollar Baby Plan offers flexibility and can be used for a variety of purposes beyond retirement, including:

• Starting a business (no need for loans)
• Paying for healthcare or long-term care
• Lending to others for interest
• College tuition
• Buying a house
• Creating a stream of tax-free income
• Funding a wedding
• Covering baby expenses
• Managing emergency costs
• Buying a car
• Planning for retirement income
• Paying for vacations

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Start Now, Grow Big: Invest Early!

FREQUENTLY ASKED QUESTION​

To provide you with the information you need quickly and easily.

Million Dollar Baby IUL

  • What is Indexed Universal Life (IUL) insurance for children?
    Indexed Universal Life (IUL) for kids is a life insurance policy that offers both a death benefit and a cash value component. It allows parents to secure coverage for their child's future while potentially accumulating cash value over time.
  • Why consider IUL insurance for children?
    IUL for kids provides lifelong coverage that can be valuable later in life. It offers the potential for cash accumulation that can be used for educational expenses, a down payment on a home, or other financial needs as they grow older.
  • How does cash value accumulation work with IUL for children?
    Cash value in an IUL policy grows based on the performance of selected stock market indexes, typically with a minimum guaranteed interest rate. This cash value can be accessed later in life through policy loans or withdrawals, providing flexibility for financial needs.
  • Are there tax benefits to having an IUL policy for children?
    Yes, the cash value growth in an IUL policy grows tax-deferred. Withdrawals up to the amount paid into the policy are generally income tax-free. Additionally, the death benefit is typically income tax-free to beneficiaries.
  • What happens to an IUL policy for children as they grow older?
    As the insured child becomes an adult, they can take ownership of the policy and continue paying premiums. The cash value can be used for various financial goals, and the death benefit can provide financial protection for their own family in the future.
  • Does FAFSA consider life insurance, like Indexed Universal Life (IUL), when calculating financial aid?
    FAFSA does not include life insurance, such as Indexed Universal Life (IUL), in its asset calculations. While some private colleges may inquire about the cash value of life insurance and count it as an asset, FAFSA itself does not. Therefore, saving for tuition costs in a 529 plan will appear as assets on the FAFSA form, potentially affecting the amount of financial aid awarded. Continuously paying premiums to enhance your child’s IUL policy typically won’t increase college expenses in most cases, preserving your investment in their financial future.
  • What is the Best Life Insurance Policy for Kids?
    When selecting the best life insurance policy for your child, an Indexed Universal Life (IUL) policy is indeed one of the best options available. IUL insurance not only provides essential protection through a guaranteed death benefit, but it also offers the opportunity for the policy's cash value to grow significantly over time. This growth potential makes it an excellent choice for ensuring your child’s financial security in the long term. Moreover, an IUL policy is highly adaptable, allowing you to adjust both the premium payments and death benefits as your child’s financial needs change. The tax-deferred cash value that accumulates can be a valuable resource for important milestones, such as funding college, purchasing a home, or even contributing to retirement savings, making it a versatile tool for building a strong financial foundation.
  • How a Child IUL Works
    A Child Indexed Universal Life (IUL) policy works by linking the cash value of the insurance to the performance of a market index, like the S&P 500. This means the policy can grow in value based on market gains, with some policies even offering double-digit returns. Importantly, a Child IUL includes a guaranteed minimum floor, usually 0%, which protects your investment from losing value if the market drops. The growth within a Child IUL is tax-deferred, so the cash value can increase without being taxed as it accumulates. This makes the policy a powerful tool for building wealth over time. Additionally, unlike traditional retirement accounts, a Child IUL allows for penalty-free  withdrawals at any age, providing flexible access to funds when needed. With no contribution limits, it also serves as an excellent option for additional tax-advantaged savings, even after maxing out other retirement accounts.

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NGA Financial is a licensed insurance service in the state of Florida (FL license # L127569). Your privacy is important to us. We collect and use your information as described in our Privacy Policy. Products and their features may not be available in all states. To help avoid requiring a medical exam, our application includes certain health and lifestyle questions.2025© NGA Financial. Alright Reserved

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