05 Sep CollegePLUS IUL Policy | Solution for Education Expenses
Educational Assurance: CollegePLUS IUL Policy for Future Expenses.
Many parent grapples with the burning question: How will we fund our child’s education? The weight of student loan debt, totaling nearly $1.75 trillion and borne by 46 million Americans, is a stark reality. To alleviate this burden, we present two compelling college savings options that go beyond the conventional—529 plans and the innovative CollegePLUS Policy.
Benefits of CollegePLUS Policy:
Flexibility Beyond Boundaries: While 529 plans have their merits, the CollegePLUS IUL Policy, our Index Universal Life Insurance (IUL) offering redefines flexibility. Unlike 529 plans, it isn’t bound by restrictions on fund usage. With CollegePLUS IUL, there are no penalties for accessing funds for non-educational expenses, providing unparalleled freedom in financial planning.
Permanent Protection and Living Benefits: CollegePLUS doesn’t just focus on education; it ensures lifelong financial security. Besides offering permanent life insurance, the asset accumulation and growth benefits within CollegePLUS continue beyond the educational years of your child. In addition, the cash value inside the policy doesn’t impact financial aid eligibility, presenting a unique advantage over traditional college savings methods.
Tax Advantages Beyond Imagination: Embrace a tax-efficient strategy with CollegePLUS. Enjoy tax-free growth and tax-free access to funds. Experience the security unrestricted use of your cash value and the potential for double-digit market returns, all while being safeguarded against downside risks. The gains are locked in ensuring stability in an ever-changing financial landscape. Unlike the 529 plan, where a market down year can erode your previous gains.
Liquidity and No Limits: Need liquidity? CollegePLUS offers up to 90% of the cash surrender value at any time, for any reason, tax, and penalty-free. Forget about early withdrawal penalties, IRS contribution limits or restricted use of proceeds. With flexible contributions, it adapts to your evolving needs, making it a dynamic and efficient tool for securing your child’s future.
Making the Right Choice:
While 529 College Savings Plans have been a go-to option, the CollegePLUS Policy offers a strategic alternative with unmatched flexibility and lifelong benefits. At The Policy Shop, we specialize in tailoring policies to fit your family’s unique needs.
Contact The Policy Shop today, and let’s build the perfect CollegePLUS Policy for your family—a transformative investment in your child’s future.
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