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[quote=Anonymous]You have 401k and 529, which means you have slowed down the growth of your money significantly for years now. 
Why would you want to hand over your money to an insurance company for a policy even they don't understand.
Do not just leave money to your children, but invest with them and for them already now. You all sit down, pick your 6-10 stocks, some ETFs and start. By the time the child is 30, they have been investing for 15 years. Imagine the experience they get while others are still trying to figure out their credit score. 
Best if you could do it inside of Roth. Selling and buying inside of Roth is tax free. If can't do Roth, regular investment account is fine. Open one for the child at 18.
After 2-3 years of investing on your own, you'll see that you are doing better than your 401k and 529 ever did. 
Forget about the match and tax deduction. You can do so much better if you only did it on your own. Investing is not a rocket science. They want you to think it is.

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