Category Archives: College Tuition

Pay for College with a Life Insurance Policy? Yes, You Can!

coins in a jar with the label education | Kemner Iott Benz

When it comes to paying for college, many parents find themselves faced with rising tuition costs and uncertainty about the best way to save for education. While 529 education savings plans, or other state-sponsored savings accounts, certainly have their advantages, using life insurance to pay for college is an alternative that parents are tapping into. In fact, Sallie Mae, the nation’s largest private provider of student loans recently reported that 19 percent of families saving for college are including life insurance policies in their plans.

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