If you started putting $250 per month into the 529 Fund when your child is in kindergarten, it could net you $39,658.00 for college at it's current yearly interest rate of 0.36%. That same $250 per month into an IUL would provide your child with $15,000 a year for four years starting at 18, then the remainder could grow without touching it and net you $350,000 by the retirement age of 65 at it's current yearly interest rate of 6.4%. All of this also includes a $350,000 life insurance policy for life. That does NOT include the $30,000+ in free tuition dollars!