Funding Your Child's Education

As college costs are expected to continue climbing, let an insurance professional help you plan for your child's education expenses. Life insurance can be vital in helping you save college funds for your children. Whether you're there or not.

​

Life insurance offers certain tax advantages. In the event of your death, your family can choose to use the income tax-free death benefit to pay education costs. And with some types of life insurance, you can take loans against your policy without tax penalties.

​

Additional features

Be sure to take into account these additional features when planning for your kids’ college funds, available with certain types of life insurance:

​

• Guaranteed cash value, so you know a certain amount of money is available

• Access to your money, so you can use it for tuition and other educational expenses

• Market participation, so your policy’s value has the potential to grow based on the performance of investments in your policy