Three uses applications for life insurance

Funding an education :

Three uses applications for life insurance

A permanent life insurance policy, whether as a supplement to a college savings plan (such as a 529 Plan) or on its own, can offer you with the flexibility to meet college expenses by using your policy’s cash value to take out tax-free loans to assist pay for any educational fees (qualified or not).

Because current FAFSATM criteria do not consider the cash value of your life insurance policy as an asset, this could help you qualify for more financial aid.

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