The Million Dollar Baby Plan is a purposeful financial strategy that uses a permanent life insurance policy to build tax-advantaged cash value from a very early age.
It is designed to grow steadily, offer access to funds at critical life moments, and produce a protected, tax-free legacy.
Step 1: Set up your child’s permanent life insurance policy
I help you choose a policy designed for early, reliable cash value accumulation that also protects your child for life
Step 2: Fund consistently over time
Regular premium payments—starting as soon as a few weeks after birth—build cash value
Step 3: Use the value at key milestones
As the policy earns cash value, your child or beneficiary can borrow or withdraw funds to pay for school, down payment, wedding, starting a business, or supplement retirement
Step 4: Continue growth even after withdrawals
Withdrawals or loans don’t reset the policy’s growth. Cash value and death benefit continue to compound
Step 5: Secure a lasting legacy
At the end of life, the policy’s tax-free death benefit passes to the beneficiary, regardless of earlier access to funds
Ideal for:
Parents or grandparents seeking lifelong savings and protection
Families wanting flexible access to funds for education, housing, business, or retirement
Individuals looking to build generational wealth outside traditional investment vehicles
A policy funded with $3,000 annually from infancy could accumulate around $80,000 by age 21 and over $350,000 by age 45 in cash value—while delivering life insurance benefits worth well over $1 million
Regular funding is required to build meaningful value over time
Loaned or withdrawn amounts reduce policy value unless carefully managed
The policy must remain in place to keep coverage and compound growth intact
Tax rules and dividend scales may change, so periodic reviews are essential
