College Savings Plan

College Savings Plan with an IUL

DO CHILDREN NEED LIFE INSURANCE?

Acquiring life insurance for a child at a young and healthy age guarantees their future insurability, which means that they will have some form of coverage as an adult. This is particularly advantageous if the policy includes a cash value component that can grow over time due to the effects of compounding. The optimal time to initiate a policy is before the child reaches the age of 5. A modest investment of at least $300 can significantly help pay for college tuition, purchase their first car, and continue to increase in value. Check the College Savings page for a sample illustration of an IUL started at age 5 with just 300 per month paid through 15 years

Average Cost of Tuition: https://educationdata.org/average-cost-of-college#arizona