College costs are constantly rising and it’s only getting tougher to save for it. So, paying for your child or grandchild’s college education tomorrow requires planning today. A whole life policy is a great way to save for college tuition. Along with guaranteeing a death benefit, whole life insurance features a cash value account that grows tax-deferred1. Assuming you buy the policy when your kids are very young, by the time they head to college, you can withdraw2 the money or borrow against the policy to help pay for college. Additionally, life insurance policies don’t count as assets when colleges analyze your need for financial aid.
Consider a whole life policy today to make paying for college easier. At Strategies for Wealth, we understand how difficult it can be to save for college and want to provide you with Various options before you start planning.
View this brochure for more information on how whole life insurance can be used to fund your child’s tuition and contact us today to discuss putting this plan into motion!