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[Week 14] Ask Me Anything: Is There An MPI® Family Plan?
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Welcome back to Ask me Anything!
Todays question comes from Becky in Tennessee.
Is there an MPI® family plan or should both me and my spouse have a plan? Can I start plans for my children?
MPI® Plans are individual plans. There is no life insurance family plan so when setting up MPI® plans for married couples or families, everyone should have one if the funds you set aside are sufficient. If you are looking to start an MPI® Children’s Account, most insurance companies require parents to own their own plan before starting one for their children. Once you determine the amount of money you can save, an MPI® Certified Advisor can review and determine the best use of your contributions.
When setting up an MPI® plan and determining who will have a plan and what funds will be allocated where, there are a few important things to consider ensuring the most efficient use of money.
Regardless of who is the insured on the account, max funding each contract available will be the best use of your money.
Thank you for watching and please send your questions to Curtis@MyMPI.com and I will see you next week!
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