Planning for College Education

Education expense planning

Have you started saving for your children’s or grandchildren’s college education? If not, now is the time to start.

According to the College Board, earning a college degree can now cost from $52,000 to more than $130,000 — and the cost is rising faster than the rate of inflation. Despite the spiraling price of attaining a diploma, society continues to promote the rewards of the pursuit of higher education.

Did you know that you can use an indexed universal life (IUL) policy to:

  • Supplement the expense of a college education
  • Help accumulate assets for the future in a tax-favored manner
  • Help minimize some of the tax burden on their savings
  • Guarantee the death benefit if needed and provide protection to ensure goal completion

For parents whose children will be college-bound within the next decade, an indexed UL plan represents an attractive and innovative option, and Cornerstone Financial Services can help you start planning for the future.

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