College Planning has never been easier. For just dollar's a day you can ensure your children's college education fund will have guaranteed growth, no stock market risk, life insurance benefit included, and the use of money is not limited to just college expenses. Start planning today.
College Planning for Children
Saving for college can seem like a monumental task for your child. Most people tend to choose a 529 plan, but that is not the only plan available to you. Using Whole Life insurances gives you guaranteed growth without stock market risk. Plus, a life insurance benefit is included for your child guaranteeing your child will receive the policy amount in the event anything were to happen to you. Unlike the 529 plan, the use of this money is not limited to just college expenses!
There are also ways to use Whole Life and Index Universal Life policies to set your children up financially for their entire lives. They can use the cash value built up over time in the policy to pay for college, pay for a wedding, a down payment on a house and even tax free income for their retirement! As parents you pay for the policy while they are young, and then once they are earning a steady income for themselves later in life you can pass the policy off to them so they can be the payor.
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