COLLEGE FUNDING

How are you going to pay for your child’s

college?????

What Is the Cost of a College Education?

According to a survey that was done recently by the College Board, the cost of an education for the year 2015-2016 is (on the average) $24,061 for an in-state public college, and the cost at a private college (on the average) is $47,831.

What Makes up this Cost?

• Tuition

• Fees

• Housing

• Meals

• Books and Supplies

• Transportation

• Personal items (clothing, entertainment, etc.)

Using Life Insurance to Fund College

The main purpose of Life Insurance is to take care of those we leave behind. But certain life insurance policies, if structured correctly, can be used to help pay for College Expenses.

Why Use Life Insurance to Fund College???

• The first reason is that in the case of a premature death, the death benefit could be used to help pay for college expenses.

• The second reason is that the tax-deferred and TAX FREE income that is generated through policy loans (from the cash value in the policy) can be used to supplement the college expenses.

• The third reason is that the money accessed through the life insurance policy is not considered when applying for a school loan.

• The fourth reason is that you have total control of how you will use this money and when you will use it. You don’t have to use it for college—you can use it for what ever you wish.

• After college, you could reposition the policy to help supplement retirement income while continuing to help protect your family with the death benefit.

Call Danny Patterson at 731-217-1731, or email Danny at DanPatterson@SafariFinancial.com and request a free illustration showing how this might

work for you.