College Funding
Every parent wants to give their child the strongest start in life, and the College Funding plan can help make that possible. This type of strategy allows you to build savings for your child’s future, whether that’s paying for college, contributing to a first home, or even jump-starting retirement, while also providing the protection of life insurance. It offers a way to set aside money, preserve their insurability as they grow, and create long-term financial security, giving your child a truly solid foundation for the years ahead.
Why Do I Need a College Funding Plan?
Saving for your child’s future isn’t always easy, and a college funding plan is designed to lighten that load. These plans offer far more than help with education costs. Your child can use the accumulated cash value at any stage of life. Whether they want to put money toward a first home, start a business, or even create an income stream in retirement if the policy remains active, this approach gives them flexibility and long-term financial support.
How Does the College Funding Plan Work?
By putting away a modest amount each month or quarter while your child is young, you can build a meaningful financial foundation for their future while also securing important life insurance protection. Part of each premium covers the cost of insurance, and the remainder is added to the policy’s cash value, where it grows tax-free over time.