Wednesday, March 4, 2015

Why life insurance can make sense for college planning - Life Insurance Income Strategies

Education is important in the pursuit of a career that strives to be meaningful and financially rewarding. There are several college saving plans available to fund higher education. But one neglected financial product that could be an alternative approach is a non modified endowment cash value life insurance contract.

Using a non modified endowment cash value life insurance contract for college can be an option if the timeline is adequate for funding and deferral. The tax advantages can be very attractive for high effective tax bracket policy owner. And depending upon the policy owner's risk tolerance, there are differing crediting methods available with cash value life insurance.

Syndicated financial columnist and talk show host Steve Savant interviews life insurance income specialist Don Prehn, CLU, ChFC. For over 20 years Don has been presenting cash value life insurance as a financial product option. This is episode 3 of 5 in the series, Life Insurance Income Strategies.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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