Are you worried about future college costs?

Transcript:

Investing in Your Child's Future

[video description: White chart bars of equal height appear on a blue background and read "college costs" and "school loans".]

College costs keep rising. And today many graduates enter the work world with hefty student loans to repay. It can be more than a little overwhelming.

[video: Box that says "life insurance" morphs into a school building.]

The main purpose of life insurance is to provide a death benefit. And it can also help you pay for part of your child’s education. It can be a good way to help cover some college expenses, whatever the future holds.

[video: Numeric steps are listed. 1. Buy the insurance policy. 2. Cash value grows. 3. Use the money to help pay for college.]

You purchase a cash value life insurance policy.

The cash value in the policy grows tax deferred through the years.

When your child goes to college, you may be able to use tax-advantaged distributions from your policy to help pay the costs.

[video: A graduation cap appears then disappears followed by a book, shopping cart, and apartment complex appearing.]

If something happens to you, the death benefit can help pay for your child’s college education, when the time comes. You can use the cash value for college expenses and for other needs, too. It’s flexible.

[video: Clipboard with pen icon appear as other icons fade out.]

And the cash value may not be considered an asset when you apply for financial aid.

[video: Shield icon appears surrounding a silhouette of family members.]

With proper planning, you can help protect your family today. And give your child a head start on saving for college in the future.