My friend was sold this product from someone. He was saving up in a 529. The problem with the 529 is that if your kid decides not to go to college or receives a scholarship, you are penalized when you withdraw from it. This IUL product has a $500k death benefit so it's basically a whole life product for his kid plus a college savings component built in. I think it's about $250/month for a 15 year plan. You can do 10 years and 20 years also. So he will pay $45k in 15 years to have a $500k death benefit for his kid (grandkids will get half a mil) and his kid can borrow up to $20k a year for college at age 18. Tax deferred earnings. I believe they have caps of a certain percent so you can't get what the market does (participation rates) but they also have floors so you are guaranteed a 3% or so minimum. Sound good or another Insurance product?