Not only that, it’s great for parents to implement for babies. The fundamentals of compounding interest work best over the longest possible time horizon.
Generally, it is safe to assume that the Flexmethod is a great strategy for anyone with a lump sum looking to get safety, high growth, tax-free Income, the benefits of life insurance and long term care without being penalized for accessing the money at any time.
Qualifications for non-dependent children is treated just like parents: based on 25% of gross income + 1/28th of their net worth.
For dependent children they can qualify for 75% of the parent’s total plan value. So if mom and dad have $5MM each, that kids could get $3.75MM in total policy value.