Education Planning
Their Future Will Arrive Faster Than You Think
For many parents, helping children pursue an education is an important financial objective. The earlier you begin thinking about the goal, the more time you have to prepare.
Start With the Goal
1How many children are you preparing for?
2How many years until college?
3Public or private institution?
4In-state or out-of-state?
5How much would you like to contribute?
6How would the plan be affected by the unexpected loss of a parent?
Protect the Plan
Education planning isn't only about accumulation. It can also involve protecting the person funding the goal.
Life insurance may help provide financial protection for family objectives, including education, following the premature death of a parent or provider.
Understand Your Options
Different education-funding approaches have different risks, restrictions, costs, and tax considerations. When investment, securities, or tax advice is required, clients should work with appropriately licensed or qualified professionals.