529 Plan vs IUL: The Smarter Way to Save for College and Retirement

Most parents want to do the right thing for their kids’ college savings. You hear “529 plan” and think that must be the answer. But here’s the question no one asks: what if your child’s path changes, or you need that money for something bigger than tuition?

In this video, I’ll show you how an Indexed Universal Life policy (IUL) can be a smarter, more flexible way to prepare for college, while still protecting your family, your retirement, and your legacy.

When my daughter was little, I started where most parents do — looking at a 529 plan. But then I asked the what if questions:
✅ What if she earns scholarships?
✅ What if she wants to start a business instead of going to college?
✅ What if I want my money to keep growing for retirement?

That’s when I discovered how using an IUL as a college savings solution gives you options.

Here’s the big idea:
A 529 plan is designed primarily for education. An IUL is designed for your entire family’s financial strategy — education, opportunity, retirement, and legacy.

Why parents choose IUL for college:
1. Flexibility – Use it for college, trade school, business, first home, or retirement backup.
2. Control – You decide when and how to access funds.
3. Protection – If something happens to you, there’s a death benefit to cover school or family needs.
4. Tax Advantages – When designed properly, access is generally tax-free through policy loans.
5. Coordination – You’re not locking dollars into one narrow purpose.

With an IUL, your cash value can grow with downside protection and tax-free access if structured correctly. You can fund tuition, cover living costs, launch a business, or simply let the value continue compounding for retirement.

Compare that to a 529 plan — great for tuition, but limited if life changes. New laws have added a few repurposing options, but they’re still restrictive. With an IUL, you control the plan, not the government.

I’ve helped families who faced both scenarios:
🎓 One client’s child earned full scholarships. Their IUL allowed them to keep the money growing tax-free for their own retirement instead of being penalized.
💼 Another client’s daughter launched a small business after high school. They used their IUL’s cash value to fund it — no penalties, no restrictions, and their policy kept growing for future income.

That’s the power of flexibility.
It’s not just a college plan — it’s a life plan.
Many parents even blend the two: a small 529 for short-term college costs, and an IUL for long-term flexibility, tax-free growth, and family protection.
If you want a college savings strategy that adapts with life, builds wealth, and protects your legacy, the IUL path could be the answer.

Educational only. No tax or legal advice. Consult your CPA and attorney.
No specific carriers mentioned.

Want to see how this could work for your family?
Comment “IUL” or DM me the word “Info.”
Or book your free LIFT Strategy Session at LiftWealth.net


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Видео 529 Plan vs IUL: The Smarter Way to Save for College and Retirement канала carlgbullard