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Hi synchronicity,

Dave, I'm assuming you're discussing the possibility of rad personally owning an Indexed UL policy, preferably structured to maximize cash value, and at some point in the future taking out loans/surrenders to basis and using those withdrawn funds to pay for a grandchild's education. Is this correct?

Yes, with an asterisk. Whether she personally owned it, or controlled it in an ILIT, would be a matter of further detail. It used to be that holding such accounts in an ILIT killed the tax-advantaged liquidity features, but that is no longer the case, so in terms of asset protection you can now often eat your cake *and* have it too.

Dave Donhoff
Leverage Planner
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