Insurance Types
Universal and Whole Life Insurance
Cash value life insurance inside a Universal or Whole policies can be used to pay for anything, including tuition. Cash Value life insurance is a great way to help pay for college without incurring traditional student loan debt.
Tax Advantages
Some families take advantage of tax-free benefit options to fund college expenses. Currently, life insurance funds are not considered in federal financial aid calculations.
Living Benefits
Life insurance allows you, the policy owner, to build CASH VALUE through your life insurance policy. The Cash Value accumulates over your lifetime. It is considered a living benefit of life insurance because, in contrast to a death benefit that pays out when you pass away, you can use the money while you’re still alive. Contqct me directly for a complimentary quote or enroll online.