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What can money in a UGMA kids investment be used for?

Written by Glenda

When the child is a minor, the money is available for nearly anything that directly benefits the child (for example: future education costs, astronaut camp or band equipment). Once the child reaches the age of majority, there are no restrictions on how the money can be used.

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Accidental Death Benefit Rider series ICC25 2502-2624 WSA is offered on the term life insurance policy ICC22 2205-4004 WSA. Term Life Insurance Policy Series ICC22 2205-4004 WSA, Accelerated Death Benefit Rider policy series ICC22 2205-2623 WSA, and Accidental Death Benefit Rider Series ICC25 2502-2624 WSA (and state variations where applicable) are issued by Western-Southern Life Assurance Company, Cincinnati, OH which operates in DC and all states except NY, and distributed by Gerber Life Agency, LLC using Fabric Technologies. Gerber Life Agency, LLC is an affiliate of Gerber Life Insurance Company (est. 1967). All are members of Western & Southern Financial Group (Western & Southern). Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Product provisions, availability, definitions and benefits may vary by state. Payment of benefits under the life insurance policy is the obligation of, and is guaranteed by, the issuing company. Guarantees are based on the claims-paying ability of the issuer. Products are backed by the full financial strength of the issuing company.

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