Life Insurance to Save for College Tuition

Sep 18, 2019

The cost of a good college education has grown to staggering heights these days. The College Board sites that the average tuition and fees at public colleges are $9,970 for state residents and $25,620 for out-of-state students. Unless your clients started saving years ago, odds are that they need a savings plan right now to afford the costs of sending children to college. As a financial advisor, you can step in with a unique, but effective solution: permanent life insurance. 

Using life insurance as an alternative way to save for tuition has great benefits. Unlike a 529 plan, life insurance does not get calculated as a parental asset when applying for financial aid. So, the policy can supplement tuition payments and work hand-in-hand with other financial aid avenues. Another benefit life insurance has over 529 plans is the fact that permanent life insurance policies are tax-free. If your client’s child decides to not go to college, they can utilize those savings any way they see fit without the worry of looming income tax rates. That is a level of flexibility that 529 plans simply do not provide.

We offer a variety of resources to help illustrate the benefits of permanent life insurance including our 50 Ways to Need Your Coverage presentation. To access this presentation and discuss further, please give one of our Brokers Alliance Agent Relationship Managers a call at 480.296.0169.

graduation.png



Category: Sales

Category List


Tag List

funeral (1)
PIA (2)
Life Insurance (88)
Training Event (1)
Life Insurance Check Up (6)
Insurance (21)
Investments (2)
Life Insurance Update Show (9)
sales presentations (1)
advanced markets (1)
term (6)
FIA (1)
DOL (2)
business (1)
Annuity Update Show (11)
Social Optimization (3)
Tax Benefits (2)
Charitable Giving (3)
Benefits (1)
Income (1)
premium deposit account (1)
Leaderboard (1)
trends (1)
E-App (1)
presentations (2)
2019 (1)
selling (1)
Executive Bonus Arrangement (1)
Death Benefit (2)
illness (1)
products (5)
Webinar (1)
hiring (6)
IUL (12)
Star Wars (1)
underwriting (1)
Production (1)
Life Insurance Trends (21)
Looking Forward, Giving Back (1)
Breast Cancer Research (1)
Video On-Demand (2)
Immediate Fixed Annuities (1)
Interest Rates (1)
Life Insurance Broker (15)
key person (1)
business solutions (4)
MYGA (10)
advanced planning (2)
Facebook (2)
Sales (23)
Gift (1)
Annuities (31)
Charity (2)
networking (1)
Fixed Annuities (9)
Protection (1)
life insurance awareness (1)
Retirement Investment (4)
life happens (1)
Prospecting (4)
Fixed Indexed Annuities (1)
social security (1)
Premium Finance (5)
Baby Boomers (1)
industry trends (1)
Sales Concepts (13)
injury (1)
earning opportunities (1)
Mobile App (1)
Gender Gap (1)
business owners (4)
Life Insurance Brokers (6)
private pension funding (1)
Legacy Planning (1)
Cash Value (1)
Legacy (1)
leads (6)
term life (9)
IRA (1)
Brand Values (1)
Breast Cancer Awareness Month (5)
Alternatives (6)
Media (2)
Quoting Tools (1)
Life Insurance Evaluation (8)
non-med (3)
Life Insurance Awareness Month (6)
Retirement Planning (24)
Hybrid Products (1)
Required Minimum Distribution (1)
Waste Management Open (1)
end of year (1)
instant decision (1)
permanent life insurance (4)
Alternative Investments (2)
Market Exposure (1)
case studies (3)
rates (1)
Financial (4)
Best Rates (1)
Retirement Strategy (4)
gul (2)
Tips (3)
Healthy Living (1)
training (3)
estate planning (2)
Donation (1)
final expense (1)
Deferred Fixed Annuities (1)
Clients (2)
review (2)
buy sell agreement (1)
Marketing (12)
Millennials (6)
Universal Life Insurance (2)
living benefits (7)
Income Planning Academy (1)
savings (1)
Beneficiary (1)
Brokers (2)
sales kit (1)
Asset-Based LTC (1)
Additional Earning (1)
life 101 (2)
Brokers Alliance Open (1)
Brokers Alliance (8)
Advice (1)
Social Media (8)
consumer marketing (6)
Generation Y (1)
march madness (1)
Life Quotes (4)
Financial Legacy (6)
Roth (1)
Variable Annuities (1)
Content Building (2)
resources (1)
Pitch (1)
Indexed Annuity (3)
business planning (6)
Health Care (2)
PPC (2)
Retirement (10)
Long-Term Care Awareness Month (1)
Growth Opportunity (1)
RMD (1)
Long Term Care (4)
Annuity Concepts (12)
Financial Planning (20)

Tag Cloud

SalesinjuryCash ValueLife Insurance BrokersSales Conceptsfinal expenseVariable AnnuitiesHealth CareDonationWebinarPitchproductshiringIULconsumer marketingkey personsales presentationsprivate pension fundingLife Insurance TrendsIncome Planning AcademyLife Quoteslife insurance awarenessMediaAlternative InvestmentsBrand ValuesAsset-Based LTCTax BenefitsCharitable GivingRMDadvanced marketsLegacyInsurancePPCMillennialsUniversal Life InsuranceillnessRetirement InvestmentHybrid Productsmarch madnessresourcesE-AppsellingContent BuildingQuoting ToolsLooking Forward, Giving Backnon-medAdditional EarningInterest RatesFinancialGrowth OpportunitygulSocial Medialife happensratesBrokers AllianceGender Gapend of yearInvestmentsLife Insurance Update Showadvanced planningBrokers Alliance Openpermanent life insuranceRetirementMarketingfuneralleadsFixed Indexed AnnuitiesFIAsavingsPIAinstant decisionFacebookbusiness solutionsbuy sell agreementMarket ExposureLife Insurance Check UpFinancial PlanningLong-Term Care Awareness MonthSocial OptimizationBenefitscase studiesFixed AnnuitiesLegacy Planningearning opportunitiesPremium FinanceLife Insurance EvaluationProspectingClientsDOLBest RatespresentationsProtectiontermCharityLife Insurance Awareness MonthProductionterm lifeLife Insuranceestate planningbusiness ownersIncomeStar WarsWaste Management OpenMobile Appsales kitbusiness planningbusinessRothlife 101Indexed AnnuityGiftliving benefitsTraining EventDeferred Fixed AnnuitiesIRABreast Cancer ResearchreviewGeneration YAnnuitiesExecutive Bonus ArrangementBreast Cancer Awareness MonthBeneficiarysocial securityVideo On-Demandpremium deposit accountHealthy LivingAnnuity Update ShowRequired Minimum Distributiontrendsindustry trendsBaby BoomersFinancial LegacyLeaderboardMYGAtrainingTipsAdviceRetirement StrategyRetirement PlanningDeath BenefitImmediate Fixed Annuities2019Long Term CareLife Insurance BrokerAlternativesAnnuity ConceptsnetworkingBrokersunderwriting


Archive