Smart Start Q & A

Frequently Asked Questions About the Smart Start Plan

Q: What are the advantages of the Smart Start plan?
The Smart Start plan offers a unique combination of benefits that go beyond traditional life insurance. First, it ensures that your child's future insurability is protected, no matter what health issues may arise later in life. This provides peace of mind, knowing that death benefits are available to safeguard your family should the unexpected happen.

What makes Smart Start special is that it isn’t just life insurance – it also builds cash value over time. The cash value accumulates on a tax-deferred basis, and the growth potential generally exceeds what you would find in a typical savings account or guaranteed financial instrument.

With Smart Start, your returns are linked to the performance of various indexes (which you can select), but there’s no risk of losing your principal. This means your child’s policy benefits from market growth without the downside risk. As an adult, your child can access the cash value for any purpose, whether it’s paying for college, buying a home, starting a business, or even supplementing retirement income.

Q: Do I qualify for Smart Start?
The Smart Start plan is primarily a life insurance product, so your child's eligibility will depend on their health at the time you apply. Fortunately, most children are eligible for Smart Start through Symmetry Financial Group, making it accessible to many families.

Q: When should I buy Smart Start?
The best time to start a Smart Start policy for your child is as early as possible. The younger your child is, the lower the cost of the insurance component, and starting sooner gives the cash value portion more time to grow. The earlier you begin, the more financial growth potential there is, thanks to the power of compound interest.

Because the policy’s cash value is indexed to the performance of select financial indexes, your child could see significant gains over time. While no one can predict exactly how much the policy will grow, starting early maximizes the growth potential for important future expenses like college, homeownership, or even retirement.

Q: How does the Smart Start cash value work?
The cash value in a Smart Start plan accumulates over time, with tax-deferred growth. You can choose from various index-linked options that allow your policy to benefit from positive market performance without the risk of losing principal. This flexibility offers growth potential while maintaining safety for your investment.

Q: Can the cash value be used for other expenses?
Yes! The cash value of a Smart Start policy can be accessed for a wide range of purposes. Whether your child wants to use it for college tuition, starting a business, buying a home, or even future retirement, the funds are available when needed. This versatility makes Smart Start more than just life insurance – it’s a long-term financial tool that can support multiple life goals.

Q: Why is Smart Start better than other savings options?
Smart Start offers a blend of life insurance protection and financial growth that traditional savings accounts can’t match. With a Smart Start policy, your child gets the security of lifelong coverage along with tax-deferred growth and the potential for higher returns than standard bank savings. Additionally, the policy’s cash value can be accessed for a wide range of future needs, giving your child more flexibility than other savings vehicles.