Video of the Month: Using Bank On Yourself for College Expenses
It’s no secret that the cost of college has reached astronomical levels in recent years.
Finding the money needed to finance a college education can be a daunting prospect. For too many parents, it means paying for college with money that should go to finance their retirement instead – or taking out loans that then place a burden on them during the retirement years.
Using the Bank On Yourself strategy (utilizing the right type of properly-structured whole life insurance) to finance a college education gives you much more flexibility than traditional college savings plans, plus advantages you won’t find elsewhere. The quick video below explains how Bank On Yourself can be a useful tool in paying for college. (For more on this topic, check out our article on using life insurance to pay for college.)
If you would like more information on how we can help your family pay for college, be sure to check out our College Planning services page to learn more about our unique service options for parents and students.