College Savings Plan: Life Insurance

August 8, 2016


Every year it's the same old thing; College tuition prices go higher and higher. As parents, we try to save. However, things get in the way. Interest and growth on our money with CDs, savings accounts etc., do not begin to keep up with the tuition increases. What can we do? Think "Out of the Box'! Think Life Insurance!


The premiums paid toward an Indexed Universal Life (IUL) insurance policy can serve two purposes. The same policy that protects loved ones, with a death benefit, may also build accumulation value that can be used for a variety of needs, including education funding.


Using an IUL to help fund College tuition has many features you may not even think about or know:

  • Provides Tax-Deferred Accumulation Value

  • Protects money from risk

  • Minimizes tax burden while building Accumulation Value

  • Provides downside protection in bad economic conditions

  • Allows control of the of the accumulation value and whether to take policy loans

  • Is not a “countable asset” when child applies for college financial aid

  • Allows access to tax-deferred accumulation value for education funding

  • Guarantees a generally tax free death benefit to ensure reaching education goal


Here is another article I'm posting for your information. Come see me, email, or call. I WILL take care of you with, Expertise. Service. Integrity 


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